DBRS Confirms A Rating on Fortress Partners CLO LP
Structured CreditDBRS has today confirmed its rating of A to the $225 Million Facility (the Facility) issued by Fortress Partners CLO LP (Fortress Partners) that is collateralized by a portfolio of U.S. high-yield corporate loans. The DBRS rating addresses the ability of Fortress Credit to make timely payments of interest and the final payment of principal on the Facility’s legal maturity date.
The confirmation of the A rating reflects the observed performance of both the collateral pool and the structural mechanics since the transaction was initially assigned a DBRS credit rating on September 12, 2008.
The applicable public methodology is Rating Global High-Yield Loan Securitizations, Structured Loans and Tranched Credit Derivatives, which can be found on our website under Methodologies.
Note:
All figures are in U.S. dollars unless otherwise noted.
This is a Structured Finance rating.
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