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Long Grove CLO Ltd. Rating Raised On One Class; Three Ratings Affirmed Jan 12
Standard & Poors, January 2012
OVERVIEW We raised our rating on the class B notes from Long Grove CLO Ltd. and removed it from CreditWatch with positive implications. We affirmed our ratings on three classes from the same transaction and removed two of them from CreditWatch positive. The upgrade mainly reflects an improvement in the overcollateralization available to support the notes since our February 2011 rating actions, when we raised the ratings on three of the notes. NEW YORK (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services today raised its ratings on the class B notes from Long Grove CLO Ltd., a collateralized loan obligation (CLO) transaction managed by Deerfield Capital Management LLC, and removed it from CreditWatch with positive implications. At the...
Companies mentioned in this report are: Long Grove CLO Ltd.
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Long Grove CLO Ltd.