Deerpath Capital CLO 2020-1 Ltd. and Deerpath Capital CLO 2020-1 LLC: Rating Report

On April 7, 2020, DBRS, Inc. (DBRS Morningstar) finalized its provisional rating of AAA (sf) on the Class A-1 Senior Secured Floating Rate Notes due April 2032 (the Class A-1 Notes) issued by Deerpath Capital CLO 2020-1 Ltd. (the Issuer or Deerpath CLO), an exempted company incorporated with limited liability under the laws of the Cayman Islands and Deerpath Capital CLO 2020-1 LLC, a limited liability company organized under the laws of the State of Delaware (the Co-Issuer; together with the Issuer, the Co-Issuers).