Methodology
Operational Risk Assessment for Collateralized Loan Obligation (CLO) and Collateralized Debt Obligation (CDO) Managers of Large Corporate Credits (Archived)
Structured CreditRelated Documents
Press Release:
- DBRS Morningstar Confirms Ratings on the Class A-1 Notes Issued by Portman Ridge Funding 2018-2 Ltd.
- DBRS Morningstar Assigns Provisional Credit Ratings to BTC Holdings Fund III LLC
- DBRS Morningstar Discontinues Ratings on Churchill MMSL III Levered Investment, LP
- DBRS Morningstar Assigns Provisional Ratings to the Notes of Tidal Notes Issuer LLC
- DBRS Morningstar Upgrades Rating on Loans of Brightwood Fund III Static 2021-1, LLC
- DBRS Morningstar Assigns Provisional Ratings to the Notes of Gemini Notes Issuer LLC
- DBRS Morningstar Assigns Provisional Ratings to the Notes of Jordan Notes Issuer LLC
- DBRS Morningstar Assigns Provisional Ratings to the Notes of Ripple Notes Issuer LLC
- DBRS Morningstar Assigns Provisional Ratings to the Notes of Element Notes Issuer LLC
- DBRS Morningstar Confirms Ratings on Notes Issued by BlackRock DLF IX 2019-G CLO, LLC
- DBRS Morningstar Confirms Ratings on Notes Issued by BlackRock DLF IX 2019-G CLO, LLC
- DBRS Morningstar Assigns Provisional Ratings to the Notes of Chestnut Notes Issuer LLC
- DBRS Morningstar Confirms Rating on the Class A Notes Issued by Signal Peak CLO 6, Ltd.
- DBRS Morningstar Confirms AA (sf) Ratings on the Loans of Cerberus Redwood Levered B LLC
- DBRS Morningstar Upgrades Ratings on the Loans Issued by Cerberus Onshore Levered IV LLC
- DBRS Morningstar Assigns Provisional Ratings to the Tranche Amounts of Granville USD Ltd.
- DBRS Morningstar Confirms Ratings on the Secured Notes of BlackRock DLF IX 2020-1 CLO, LLC
- DBRS Morningstar Confirms Rating on Notes Representing Advances to Cerberus SWC Levered II LLC
- DBRS Morningstar Confirms and Upgrades Ratings on the Secured Notes Issued by VCP CLO II, Ltd.
- DBRS Morningstar Confirms and Upgrades Ratings on the Secured Notes Issued by VCP CLO II, Ltd.
- DBRS Morningstar Upgrades Rating on Notes Representing Advances to Cerberus SWC Levered II LLC
- DBRS Morningstar Finalizes Provisional Ratings on the Advances Issued by TPR Funding 2022-1, LLC
- DBRS Morningstar Confirms Rating on the Notes Representing the Advances to Cerberus ND Levered LLC
- DBRS Morningstar Confirms Rating on the Class A Variable Funding Notes of Parliament Funding III LLC
- DBRS Morningstar Confirms Ratings on the Class A-1 Notes Issued by Portman Ridge Funding 2018-2 Ltd.
- DBRS Morningstar Assigns Ratings to the Class A-R Loans and Class A-T Loans of ABPCIC Funding IV, LLC
- DBRS Morningstar Assigns Ratings to the Term Loan and the Subordinated Loan of CBAM CLO Management LLC
- DBRS Morningstar Assigns Ratings to the Term Loan and the Subordinated Loan of CBAM CLO Management LLC
- DBRS Morningstar Confirms Provisional Ratings on the Secured Notes of BlackRock DLF IX CLO 2021-1, LLC
- DBRS Morningstar Finalizes Provisional Ratings on the Secured Notes of BlackRock DLF X CLO 2022-1, LLC
- DBRS Morningstar Finalizes Provisional Ratings on the Secured Notes of BlackRock DLF IX CLO 2021-1, LLC
- DBRS Morningstar Finalizes Provisional Ratings on the Secured Notes of BlackRock DLF IX CLO 2021-2, LLC
- DBRS Morningstar Confirms Rating on the Class A-R Notes Issued by TIAA Churchill Middle Market CLO I Ltd.
- DBRS Morningstar Confirms Ratings on Certain Notes and Tranche Amounts of Kawartha CAD Ltd., Boreal 2022-1
- DBRS Morningstar Confirms Provisional Ratings on Certain Tranche Amounts of Kawartha CAD Ltd., Boreal 2021-1
- DBRS Morningstar Assigns Provisional Ratings to Certain Tranche Amounts of Manitoulin USD Ltd., Muskoka 2022-1
- DBRS Morningstar Confirms Rating on the Class A-1 L Loans Issued by BlackRock Shasta Senior Loan Fund VII, LLC
- DBRS Morningstar Discontinues its Ratings on the Class A-R Loans and Class A-T Loans of ABPCIC Funding III LLC
- DBRS Morningstar Confirms Ratings on Certain Notes and Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-1
- DBRS Morningstar Confirms Ratings on Certain Notes and Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-2
- DBRS Morningstar Confirms Rating of BBB (sf) on the Class A Variable Funding Notes of Parliament Funding III LLC
- DBRS Morningstar Places Ratings on the Loans of BTC Holdings Fund II LLC Under Review With Developing Implications
- DBRS Morningstar Places the Class A-1 Notes Issued by Ares XLVI CLO Ltd. Under Review With Developing Implications
- DBRS Morningstar Places the Class A-1 Notes Issued by Ares XXXIR CLO Ltd. Under Review With Developing Implications
- DBRS Morningstar Places Rating of Class A Notes Issued by CBAM 2018-5, Ltd. Under Review With Developing Implications
- DBRS Morningstar Places Ratings on Notes Issued by TCP DLF VIII 2018 CLO, LLC Under Review with Developing Implications
- DBRS Morningstar Confirms Ratings on the Class A-1 Notes and the Class A Loans Issued by Cerberus Loan Funding XXIV L.P.
- DBRS Morningstar Assigns Provisional Ratings to Certain Retained Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-4
- DBRS Morningstar Confirms Ratings on the Tranche Amounts and Muskoka Series 2018-1 Notes Issued by Manitoulin USD Limited
- DBRS Morningstar Upgrades and Confirms Ratings on Certain Notes and Tranche Amounts of Manitoulin USD Ltd., Muskoka 2019-1
- DBRS Morningstar Places Rating on the Class A-T Loans of BTC Holdings Fund I, LLC Under Review With Developing Implications
- DBRS Morningstar Finalizes Provisional Ratings on Certain Guarantee Linked Notes Issued by Manitoulin USD Ltd., Muskoka 2022-1
- DBRS Morningstar Places Rating on the Class A Notes Issued by Signal Peak CLO 6, Ltd. Under Review With Developing Implications
- DBRS Morningstar Places Ratings on the Secured Notes of BlackRock DLF IX 2019 CLO, LLC Under Review With Developing Implications
- DBRS Morningstar Assigns Provisional Ratings to Certain Guarantee Linked Notes to Be Issued by Manitoulin USD Ltd., Muskoka 2022-1
- DBRS Morningstar Places Ratings on the Secured Notes of BlackRock DLF IX CLO 2021-1, LLC Under Review With Developing Implications
- DBRS Morningstar Places Ratings on the Secured Notes of BlackRock DLF IX CLO 2021-2, LLC Under Review With Developing Implications
- DBRS Morningstar Assigns Provisional Ratings to the Revolving Advances and Term Advances Issued by Cerberus Redwood Levered A II LLC
- DBRS Morningstar Confirms Rating on the Revolving Advances and Assigns New Ratings to the Term Loan Issued by Cerberus RR Levered LLC
- DBRS Morningstar Confirms Rating on the Class A-1 Notes Issued by Deerpath Capital CLO 2020-1 Ltd. and Deerpath Capital CLO 2020-1 LLC
- DBRS Morningstar Confirms AA (sf) Ratings on the Class A-R Loans, Class A-T-1 Loans, and Class A-T-2 Loans of Cerberus 2112 Levered LLC
- DBRS Morningstar Places Ratings on Class A Loans Issued by BTC Offshore Holdings Fund II-B LLC Under Review With Developing Implications
- DBRS Morningstar Confirms Ratings on the Funded Class B-1 Loans, Funded Class B-2 Loans, and Funded Class C Loans of NPC Funding IX, Ltd.
- DBRS Morningstar Discontinues Rating on the Class A-1 Notes Issued by Deerpath Capital CLO 2020-1 Ltd. and Deerpath Capital CLO 2020-1 LLC
- DBRS Morningstar Discontinues and Withdraws Ratings on Certain Tranches and Algonquin Series 2020-1 Notes Issued by Manitoulin USD Limited
- DBRS Morningstar Finalizes its Provisional Ratings on the Revolving Advances and Term Advances Issued by Cerberus Redwood Levered A II LLC
- DBRS Morningstar Upgrades and Confirms Ratings on Certain Guarantee Linked Notes and Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-3
- DBRS Morningstar Places Rating on the Class A-R Notes Issued by TIAA Churchill Middle Market CLO I Ltd. Under Review With Developing Implications
- DBRS Morningstar Discontinues and Withdraws Certain Ratings on the Tranche Amounts and Muskoka Series 2018-1 Notes Issued by Manitoulin USD Limited
- DBRS Morningstar Discontinues and Withdraws Certain Ratings on the Tranche Amounts and Muskoka Series 2020-2 Notes Issued by Manitoulin USD Limited
- DBRS Morningstar Assigns AA (sf) Rating to Class A-T-2 Loans and Confirms AA (sf) Ratings on Class A-R and Class A-T-1 Loans of Cerberus 2112 Levered LLC
- DBRS Morningstar Confirms Rating and Removes Under Review with Developing Implications on the Class A-R Notes Issued by TIAA Churchill Middle Market CLO I Ltd.
- DBRS Morningstar Places Provisional Rating on Class C Notes Issued by Cornhusker Funding 1C LLC Under Review with Negative Implications, Confirms Remaining Provisional Ratings
- DBRS Morningstar Removes Provisional Rating on Class C Notes Issued by Cornhusker Funding 1C LLC from Under Review With Negative Implications, Confirms Provisional Rating at B (sf)
- DBRS Publishes Updated Operational Risk Assessment for Collateralized Loan Obligation (CLO) and Collateralized Debt Obligation (CDO) Managers of Large Corporate Credits Methodology
- DBRS Morningstar Confirms AA (sf) Ratings on the Class A-D, Class A-R, Class A-T, and Class A-T-1 Loans and Subsequently Discontinues Rating on the Class A-D Loans of BTC Holdings Fund II LLC
- DBRS Morningstar Finalizes Provisional Ratings on the Class A Notes, the Class B Notes, and the Class C Notes, Discontinues Provisional Rating on the Class X Notes of Cornhusker Funding 1A LLC
- DBRS Morningstar Assigns Ratings to the Class A-R-2 Loans and Class A-T-2 Loans and Confirms Ratings on the Class A-R-1 Loans, the Class A-T-1 Loans, and the Class B Loans of ABPCI Pacific Funding LP
Contacts
Michael Babick
Senior Vice President, U.S. Operational Risk - Global Structured Finance
+1 203 883 5829
mike.babick@morningstar.com- Thomas Crowe
Senior Vice President, US Operational Risk - Global Structured Finance
+1 212 806 3280
thomas.crowe@morningstar.com - Kathleen Tillwitz
Managing Director - US Structured Finance Ratings, Operational Risk
+(1) 212 806 3265
kathleen.tillwitz@morningstar.com - Claire Mezzanotte
Group Managing Director, Global Head of Structured Finance Ratings - Credit Ratings Leadership
+(1) 212 806 3272
claire.mezzanotte@morningstar.com
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