- Language: English
- 200 Pages
- Published: February 2009
- Region: Canada, United States
Dryden XXII Senior Loan Fund/Dryden XXII Senior Loan Fund Corp. $271.8 Million Notes Assigned Preliminary Ratings Nov 11
- Published: November 2011
- Standard & Poors
OVERVIEW Dryden XXII Senior Loan Fund/Dryden XXII Senior Loan Fund Corp.'s issuance is a CDO securitization backed by a revolving pool consisting primarily of broadly syndicated senior secured loans. We assigned our preliminary ratings to the class A, B, C, and D notes. The preliminary ratings reflect our view of the transaction's credit enhancement, legal structure, and timely interest and principal payments, among other factors. NEW YORK (Standard & Poor's) Nov. 17, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to Dryden XXII Senior Loan Fund/Dryden XXII Senior Loan Fund Corp.'s $271.8 million floating-rate notes (see list). The note issuance is a collateral debt obligation (CDO) transaction backed by a revolving pool consisting primarily of broadly syndicated senior...
Companies mentioned in this report are: Dryden XXII Senior Loan Fund
Action: Preliminary Rating
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Research type: News
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Dryden XXII Senior Loan Fund