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ALM IV Ltd./ALM IV LLC $417.957 Million Floating-Rate Notes Assigned Preliminary Ratings Jun 11
Standard & Poors, June 2011
Abstract
OVERVIEW ALM IV Ltd./ALM IV LLC's note issuance is a cash flow CLO securitization of a revolving pool consisting primarily of broadly syndicated senior secured loans. We assigned our preliminary ratings to the class A, B, C, D, E, and F notes. The preliminary ratings reflect our view of the transaction's credit enhancement, cash flow structure, and collateral portfolio, as well as our stress scenarios, among other factors. NEW YORK (Standard & Poor's) June 20, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to ALM IV Ltd./ALM IV LLC's $417.957 million floating-rate notes (see list). The preliminary ratings are based on information as of June 20, 2011. Subsequent information may result in the assignment of final ratings that...
Companies mentioned in this report are: ALM IV, Ltd.
Action: Preliminary Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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