Z Capital Credit Partners BSL CLO 2024-1 Ltd. refinanced its class A, B, and C debt on Nov. 2, 2026, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned our ratings to the replacement class A-R, B-1-R, B-2-R, and C-R debt. At the same time, we withdrew our ratings on the original class A, B, and C debt following payment in full. We also affirmed our ratings on the class D and E debt, which were not refinanced. The ratings reflect our view of the credit support available to the refinanced debt after examining the transaction's new capital structure and payment mechanics. DALLAS (S&P Global Ratings) Nov. 2, 2026--S&P Global Ratings today
