...- Z Capital Credit Partners BSL CLO 2024-1 Ltd.'s debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade senior secured term loans. - We assigned our ratings to the class A, B, C, D, and E debt. - The ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. ENGLEWOOD (S&P Global Ratings) Feb. 29, 2024--S&P Global Ratings today assigned its ratings to Z Capital Credit Partners BSL CLO 2024-1 Ltd./Z Capital Credit Partners BSL CLO 2024-1 LLC's floating-rate debt (see list). The debt issuance is a CLO securitization governed by investment criteria and backed primarily by broadly syndicated speculative-grade (rated '##+' or lower) senior secured term loans. The transaction is managed by Z Capital CLO Management LLC. The ratings reflect our view of: - The diversification of the collateral pool; - The credit enhancement provided through subordination,...
