DBRS Confirms AA Rating to Confluent Senior Loans Opportunities plc

DBRS has today confirmed the rating of AA to the €1,575 Million Class A Floating Rate Senior Secured Variable Funding Notes (“Notes”) issued by Confluent Senior Loans Opportunities plc (“Confluent”). Confluent is collateralized primarily by a portfolio of European and U.S. high-yield corporate loans. The DBRS rating addresses Confluent’s ability to make timely payments of interest and ultimate payments of principal on or before the legal maturity date of the Notes.

The AA 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 25, 2009.

The applicable methodology is “Rating Global High Yield Loan Securitizations, Structured Loans, and Tranched Credit Derivatives, March 2009”, which can be found on our website under Methodologies.

Note:
All figures are in U.S. dollars unless otherwise noted.