DBRS Discontinues Rating on Loan Issued by Rockford Tower CLO 2018-1, Ltd.
Structured CreditDBRS, Inc. (DBRS) discontinued the rating on the Senior Funding Facility (the Facility) issued by Rockford Tower CLO 2018-1, Ltd., as per the Warehouse Agreement dated as of January 9, 2018. The discontinuation reflects the repayment in full of the Facility.
The rating on the Senior Funding Facility addressed the timely payment of the Senior Base Interest Amount and Senior Additional Payment Amounts, and the ultimate payment of Senior Funding Amounts on or before the Scheduled Maturity Date in January 2027. For the avoidance of doubt, this rating did not address the Senior Additional Interest Amount.
Notes:
All figures are in U.S. dollars unless otherwise noted.
The applicable methodology is Rating Methodology for CLOs and CDOs of Large Corporate Credit, which can be found on dbrs.com 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.
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