Credit Rating Report

BlackRock DLF IX 2020-1 CLO, LLC: Rating Report

Structured Credit

Summary

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following Notes (together, the Secured Notes) to be issued by BlackRock DLF IX 2020-1 CLO, LLC, pursuant to the Note Purchase and Security Agreement (the NPSA) dated as of July 21, 2020, among BlackRock DLF IX 2020-1 CLO, LLC, as Issuer, U.S. Bank National Association, as Collateral Agent, Custodian, Document Custodian, Collateral Administrator, Information Agent, and Note Agent, and the Purchasers referred to therein.

-- Class A-1 Notes at AAA (sf)
-- Class A-2 Notes at AAA (sf)
-- Class B Notes at A (high) (sf)
-- Class C Notes at A (sf)
-- Class D Notes at BBB (sf)
-- Class E Notes at BB (high) (sf)
-- Class W Notes at B (sf)

Ratings

BlackRock DLF IX 2020-1 CLO, LLC
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:AAA (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:A (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:A (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:BBB (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:BB (high) (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • Date Issued:Jul 24, 2020
  • Rating Action:Provis.-New
  • Ratings:B (sf)
  • Trend:--
  • Rating Recovery:
  • Issued:USUE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

Enjoying our exclusive insights?

Register for a free account to get unrestricted access to our in-depth research, presale and ratings reports, and more. Access is limited for unregistered users.