ข่าวประชาสัมพันธ์การเงิน/หลักทรัพย์

Preliminary Ratings Assigned To Six Classes From Sound Point CLO II Ltd. In Connection With Proposed Refinancing

          NEW YORK (S&P Global Ratings) Jan. 25, 2018--S&P Global Ratings today assigned its preliminary ratings to the class A1-R, A2-R, A3-R, B1-R, B2-R, and B3-R replacement notes from Sound Point CLO II Ltd., a collateralized loan obligation (CLO) originally issued in March 2013 that is managed by Sound Point Capital Management L.P. (see list). The replacement notes will be issued via an amended and restated indenture. The preliminary ratings reflect our opinion that the credit support available is commensurate with the associated rating levels. 
          The preliminary ratings are based on information as of Jan. 25, 2018. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. On the Jan. 26, 2018, refinancing date, the proceeds from the replacement note issuance are expected to redeem the original notes. At that time, we anticipate withdrawing the ratings on the original notes and assigning ratings to the replacement notes. However, if the refinancing doesn't occur, we may affirm the ratings on the original notes and withdraw our preliminary ratings on the replacement notes.