DBRS Discontinues Rating on Confluent Senior Loans Opportunities p.l.c.

DBRS, Inc. (DBRS) has today discontinued the rating on the Class A Available Commitment issued by Confluent Senior Loans Opportunities p.l.c. (Confluent). The rating action reflects the maturity of the Class A Available Commitment and payment in full of the Class A Drawn Amount, Interest Amount on the Class A Drawn Amount and Class A Commitment Fee.

Confluent was collateralized primarily by a portfolio of European and U.S. high-yield corporate loans. The DBRS rating of AAA (sf) addressed Confluent’s ability to make timely payments of interest and ultimate payments of principal on or before the legal maturity date of the Class A Available Commitment.

Notes:
The applicable methodology is Rating CLOs and CDOs of Large Corporate Credit (February 2016), which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.