DBRS Discontinues Rating on Loans Issued by Allegro CLO VIII Funding, LLC
Structured CreditDBRS, Inc. discontinued the rating on the Facility issued by Allegro CLO VIII Funding, LLC as per the Warehouse Agreement dated as of March 15, 2018. The discontinuation reflects the repayment in full of the Facility.
The rating on the Facility addressed the timely payment of the Base Interest Amount and Additional Payment Amounts and the ultimate payment of Funding Amounts on or before the Scheduled Maturity Date in March 2027. For the avoidance of doubt, this rating did not address the Additional Interest Amount.
Notes:
The principal 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 for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
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