Windhill CLO 4 Ltd.'s issuance is a corporate loan facility backed primarily by middle market speculative-grade senior secured loans. We assigned our ratings to the class A-R, A-T, and swingline loans. The ratings reflect our view of the transaction's collateral pool, credit enhancement, and legal structure, among other factors. The ratings only address the timely payment of accrued interest (including commitment fees) and full principal. ENGLEWOOD (S&P Global Ratings) May 1, 2025--S&P Global Ratings today assigned its ratings to the class A-R, A-T, and swingline loans issued by Windhill CLO 4 Ltd. (see list). The debt issuance is a corporate loan facility that is backed primarily by middle market speculative-grade (rated 'BB-' and lower) senior secured loans. The transaction is
