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Ares XXI CLO Ltd. Ratings Raised On Five Classes; Off CreditWatch Positive Feb 12
Standard & Poors, Feb 2012
Abstract
OVERVIEW We raised our ratings on the class A-1, A-2, B, C, and D notes from Ares XXI CLO Ltd. and removed them from CreditWatch with positive implications. The upgrades reflect improved performance we have observed in the transaction's underlying asset portfolio since we last downgraded the classes on Nov. 19, 2009. NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services today raised its ratings on the class A-1, A-2, B, C, and D notes from Ares XXI CLO Ltd., a U.S. collateralized loan obligation (CLO) transaction managed by Ares CLO Management XXI L.P. At the same time, we removed our ratings on these classes from CreditWatch, where we placed them with positive implications on Nov. 14,...
Companies mentioned in this report are: Ares XXI CLO Ltd
Action: Upgraded
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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