Bain Capital Credit CLO 2019-1 Ltd. Notes Assigned Ratings

  • Bain Capital Credit CLO 2019-1 Ltd./Bain Capital Credit CLO 2019-1 LLC's note issuance is a CLO transaction backed by broadly syndicated speculative-grade senior secured term loans.
  • We assigned our ratings to the class A-1A, B, C, and D notes.
  • The ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, pool characteristics, and legal structure, among other factors.
NEW YORK (S&P Global Ratings) April 15, 2019--S&P Global Ratings today 
assigned its ratings to Bain Capital Credit CLO 2019-1 Ltd./Bain Capital 
Credit CLO 2019-1 LLC's floating-rate notes (see list).

The note issuance is a collateralized loan obligation (CLO) transaction backed 
by broadly syndicated speculative-grade (rated 'BB+' and lower) senior secured 
term loans managed by Bain Capital Credit U.S. CLO Manager LLC. This is Bain 
Capital Credit U.S. CLO Manager LLC's first CLO in 2019.