Trinitas Euro CLO IX DAC is a European cash flow CLO securitization of a revolving pool, comprising euro-denominated senior secured loans and bonds issued by speculative-grade borrowers. Trinitas Capital Management, LLC manages the transaction. We have assigned our ratings to the class A, B, C, D, E, and F notes. The ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. LONDON (S&P Global Ratings) May 16, 2025--S&P Global Ratings today assigned its credit ratings to Trinitas Euro CLO IX DAC's class A, B, C, D, E, and F notes. The issuer also issued unrated subordinated notes (see list). Under the transaction documents, the rated notes will pay quarterly interest unless a
