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Apidos CLO VIII/Apidos CLO VIII LLC Ratings Affirmed Following The Transaction's Effective Date Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW Apidos CLO VIII/Apidos CLO VIII LLC'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 D and combination notes following the transaction's effective date as of Nov. 28, 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...
Companies mentioned in this report are: Apidos CLO VIII
Action: Affirmed
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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