- Language: English
- Published: January 2012
Ocean Trails CLO II Ratings Raised On Four Classes; Three Ratings Affirmed Jan 13
- ID: 2383533
- January 2013
- Standard & Poors
OVERVIEW Ocean Trails CLO II is a CLO transaction managed by West Gate Horizons Advisors LLC. We raised our ratings on the class A-2, A-3, B, and C notes from this transaction. Simultaneously, we affirmed our ratings on the class A-1 (voting), A-1 (nonvoting), and D notes. We also removed our ratings on all of the classes in this review from CreditWatch positive. The upgrades reflect the improved credit quality within the transaction's underlying asset portfolio since our March 2012 rating actions. NEW YORK (Standard & Poor's) Jan. 24, 2013--Standard & Poor's Ratings Services today raised its ratings on the class A-2, A-3, B, and C notes from Ocean Trails CLO II, a collateralized loan obligation (CLO) transaction managed by...
Companies mentioned in this report are:
- Ocean Trails CLO II
Action: Removed From CreditWatch
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