DBRS Confirms AA (sf) Rating on Confluent Senior Loan Opportunies plc

DBRS, Inc. (“DBRS”) has today confirmed a rating of AA (sf) on 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 action reflects the February 7, 2012 release of an updated methodology (Rating Methodology for CLOs and CDOs of Large Corporate Credit) to rate and monitor collateralized loan obligations and collateralized debt obligations backed by non-granular portfolios of large corporate credits. The rating has also been removed from Under Review with Developing Implications.

The principal methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on our website under Methodologies.

This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU.

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