- Language: English
- Published: December 2011
AMMC CLO IX Ltd./AMMC CLO IX Corp. $408.5 Million Notes Assigned Preliminary Ratings Nov 11
- ID: 2026709
- November 2011
- Standard & Poors
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
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Research type: News
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