DBRS Confirms AA (sf) Rating to Confluent Senior Loans Opportunities plc

DBRS has today confirmed a rating of AA (sf) to the 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 rating reflects the satisfactory credit enhancements to withstand projected collateral loss rates under various cash flow stress scenarios.

The review of these transactions is based on information provided by the latest trustee reports.

The applicable public methodology is the 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.