...- Wind River 2021-2 CLO Ltd.'s issuance is a CLO securitization backed primarily by broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. - We assigned our ratings to the class A-1, B, C, and D notes. - The ratings reflect our view of the transaction's credit enhancement and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) June 15, 2021--S&P Global Ratings today assigned its ratings to Wind River 2021-2 CLO Ltd./Wind River 2021-2 CLO LLC's floating-rate notes (see list). The note issuance is a CLO securitization backed primarily by broadly syndicated speculative-grade (rated '##+' and lower) senior secured term loans that are governed by collateral quality tests. The ratings reflect our view of: - The diversification of the collateral pool; - The credit enhancement provided through the subordination of cash flows, excess spread, and overcollateralization; - The experience of the collateral manager's team, which...
