Catamaran CLO 2013-1 Ltd./Catamaran CLO 2013-1 LLC $426.3 Million Notes Assigned Preliminary Ratings

Stocks and Financial Services Press Releases Thursday June 27, 2013 08:49
NEW YORK--27 Jun--Standard & Poor's
OVERVIEW
  • Catamaran CLO 2013-1 Ltd./Catamaran CLO 2013-1 LLC's issuance is a CLO securitization backed by a revolving pool consisting primarily of broadly syndicated senior secured loans.
  • We assigned our preliminary ratings to the class A through F notes.
  • The preliminary ratings reflect our view of the transaction's credit enhancement, legal structure, and diversified collateral portfolio, among other factors.

NEW YORK (Standard & Poor's) June 26, 2013--Standard & Poor's Ratings Services today assigned its preliminary ratings to Catamaran CLO 2013-1 Ltd./Catamaran CLO 2013-1 LLC's $426.3 million floating-rate notes (see list).

The note issuance is a collateralized loan obligation securitization backed by a revolving pool consisting primarily of broadly syndicated senior secured loans.
The preliminary ratings are based on information as of June 26, 2013. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.

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