Ares XXIII CLO Ltd./Ares XXIII CLO LLC Ratings Affirmed Following The Transaction's Effective Date Aug 12
- Language: English
- Published: August 2012
OVERVIEW Central Park CLO Ltd./Central Park CLO Corp.'s note issuance is a cash flow CLO securitization of a revolving pool comprising primarily broadly syndicated senior secured loans. We affirmed our ratings on the class A through F notes following the transaction's effective date as of Oct. 24, 2011. The "effective date" for a CLO transaction is typically the earlier of the date on which the transaction acquires the target level of portfolio collateral and the date defined in the transaction documents. When requested, Standard & Poor's will analyze the information provided by the trustee and determine whether it believes a rating affirmation is appropriate. Historically, many CLOs transaction documents contain provisions that require the trustee to request the rating agencies...
Companies mentioned in this report are: Central Park CLO, Ltd.
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Central Park CLO, Ltd.