Ares XXXIR CLO Ltd. $1.0688 Billion Notes Assigned Preliminary Ratings In Connection With Proposed Reissue

Stocks and Financial Services Press Releases Wednesday May 9, 2018 11:05
NEW YORK--9 May--S&P Global Ratings
NEW YORK (S&P Global Ratings) May 8, 2018--S&P Global Ratings today assigned its preliminary ratings to Ares XXXIR CLO Ltd.'s $1.0688 billion floating-rate notes (see list).
The note issuance is a collateralized loan obligation (CLO) transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests.
The preliminary ratings are based on information as of May 8, 2018. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.
The preliminary ratings reflect: