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AMMC CLO IX Ltd./AMMC CLO IX Corp. $408.5 Million Notes Assigned Preliminary Ratings Nov 11
Standard & Poors, November 2011
OVERVIEW AMMC CLO IX Ltd./AMMC CLO IX Corp.'s issuance is a CLO securitization backed by a revolving pool consisting primarily of broadly syndicated senior-secured loans. We assigned our preliminary ratings to the class A through E notes. The preliminary ratings reflect our view of the transaction's credit enhancement, legal structure, collateral portfolio, and timely interest and principal payments, among other factors. NEW YORK (Standard & Poor's) Nov. 21, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to AMMC CLO IX Ltd./AMMC CLO IX Corp.'s $408.5 million floating-rate notes (see list). The note issuance is a CLO securitization backed by a revolving pool consisting primarily of broadly syndicated senior-secured loans. The preliminary ratings are based on information as of...
Companies mentioned in this report are: AMMC CLO IX, Limited
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
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AMMC CLO IX, Limited