Methodology
Operational Risk Assessment for Collateralized Loan Obligations (CLOs) and Corporate Collateralized Debt Obligations (CDOs) (Archived)
Structured CreditRelated Documents
Press Release:
- Morningstar DBRS Discontinues Credit Rating on Signal Peak CLO 6, Ltd
- Morningstar DBRS Discontinues Credit Ratings on BTC Offshore Holdings Fund II-B LLC
- Morningstar DBRS Confirms Credit Ratings on the Advances of Cerberus 9990 Levered LLC
- Morningstar DBRS Confirms its Credit Ratings on the Loans of ABPCI Pacific Funding LP
- Morningstar DBRS Confirms the Credit Ratings on the Loans of BTC Holdings Fund III LLC
- Morningstar DBRS Assigns Credit Ratings to the Class A Loans of Madison Avenue CLO I LLC
- Morningstar DBRS Confirms Credit Ratings on the Notes of BlackRock DLF X CLO 2022-1, LLC
- Morningstar DBRS Confirms Credit Rating on the Advances of Cerberus Stepstone Levered LLC
- Morningstar DBRS Confirms Credit Ratings on the Class A Notes Issued by CBAM 2018-5, Ltd.
- Morningstar DBRS Confirms Credit Ratings on the Notes of BlackRock DLF IX CLO 2021-2, LLC
- Morningstar DBRS Confirms Credit Ratings on the Notes Issued by TCP DLF VIII 2018 CLO, LLC
- Morningstar DBRS Confirms Credit Ratings on the Secured Notes of Cornhusker Funding 1C LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on Loans Issued by Whitney Funding, LLC
- Morningstar DBRS Finalizes Credit Rating on the Advances Issued by Cerberus EU Levered V LLC
- Morningstar DBRS Assigns Provisional Credit Ratings to the Loans of PCIF Defender Funding LLC
- Morningstar DBRS Confirms Its Credit Ratings on the Advances Issued by TPR Funding 2022-1, LLC
- Morningstar DBRS Confirms Its Credit Ratings on the Advances Issued by TPR Funding 2022-1, LLC
- Morningstar DBRS Upgrades Credit Ratings on Class A-T Loans Issued by BTC Holdings Fund II LLC
- Morningstar DBRS Confirms Credit Ratings on the Loans Issued by Cerberus Onshore Levered IV LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Advances of Kaamanen Levered B, LP
- Morningstar DBRS Confirms Credit Ratings on the Notes Issued by BlackRock DLF IX 2019-G CLO, LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on the Loans of BTC Holdings Fund III-B LLC
- Morningstar DBRS Confirms Credit Ratings on the Secured Notes of BlackRock DLF IX CLO 2021-1, LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on the Tranche Amounts of Granville USD Ltd.
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Advances of Cerberus 9990 Levered LLC
- Morningstar DBRS Assigns Provisional Credit Ratings to the Loans Issued by Reservoir Financial, LLC
- Morningstar DBRS Discontinues Credit Ratings on the Loans Issued by Cerberus Onshore Levered IV LLC
- Morningstar DBRS Confirms Credit Ratings on the Loans Issued by BTC Offshore Holdings Fund III-B LLC
- Morningstar DBRS Discontinues Its Credit Rating on the Class A-1 Notes Issued by Ares XXXIR CLO Ltd.
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Secured Notes of Tidal Notes Issuer LLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Secured Notes of Tidal Notes Issuer LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on the Notes Issued by Parliament Funding IV LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on the Notes Issued by Parliament Funding IV LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on the Notes Issued by Parliament Funding IV LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on the Notes Issued by Parliament Funding IV LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Secured Notes of Gemini Notes Issuer LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Secured Notes of Jordan Notes Issuer LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Secured Notes of Ripple Notes Issuer LLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Secured Notes of Gemini Notes Issuer LLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Secured Notes of Jordan Notes Issuer LLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Secured Notes of Ripple Notes Issuer LLC
- Morningstar DBRS Assigns Provisional Credit Rating to the Advances Issued by Cerberus EU Levered V LLC
- Morningstar DBRS Confirms and Upgrades Credit Ratings on the Notes of BlackRock DLF IX 2020-1 CLO, LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Secured Notes of Element Notes Issuer LLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Secured Notes of Element Notes Issuer LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on the Secured Notes of Chestnut Notes Issuer LLC
- Morningstar DBRS Upgrades and Confirms Credit Ratings on the Secured Notes of Chestnut Notes Issuer LLC
- Morningstar DBRS Finalizes Provisional Credit Ratings on U.S. Bank C&I Credit-Linked Notes, Series 2025-1
- Morningstar DBRS Assigns Provisional Credit Ratings to the Notes Issued by U.S. Bank, National Association
- Morningstar DBRS Finalises Provisional Credit Ratings on Palmer Square European Loan Funding 2024-2 DAC
- Morningstar DBRS Assigns Provisional Credit Ratings to the Secured Notes of BlackRock DLF X CLO 2025-1, LLC
- Morningstar DBRS Confirms AA (sf) Credit Ratings on Class A-R and Class A-T Loans of ABPCIC Funding IV, LLC
- Morningstar DBRS Confirms Its Credit Ratings on the Class A-R and Class A-T Loans of ABPCIC Funding IV, LLC
- Morningstar DBRS Confirms and Upgrades Credit Ratings on the Secured Notes of Blackrock DLF IX 2019 CLO, LLC
- Morningstar DBRS Upgrades and Finalizes Provisional Credit Ratings on the Loans of BTC Holdings Fund III-B LLC
- Morningstar DBRS Assigns and Confirms Credit Ratings on the Advances Issued by Cerberus Redwood Levered A II LLC
- Morningstar DBRS Confirms Credit Ratings on the Notes Representing the Advances Issued by Cerberus ND Levered LLC
- Morningstar DBRS Confirms Provisional Ratings to Certain Tranche Amounts of Manitoulin USD Ltd., Algonquin 2023-1
- Morningstar DBRS Upgrades Credit Ratings on the Term Loan and Subordinated Loan of CBAM CLO Management LLC 2017-4
- Morningstar DBRS Confirms Credit Ratings on the Revolving Advances and Term Loan Issued by Cerberus RR Levered LLC
- Morningstar DBRS Confirms Credit Ratings on the Revolving Advances and Term Loan Issued by Cerberus RR Levered LLC
- Morningstar DBRS Upgrades Credit Ratings on the Term Loan and the Subordinated Loan of CBAM CLO Management LLC 2017-1
- Morningstar DBRS Confirms Its AA (sf) Credit Ratings on the Class A-R Loans and A-T Loans of Cerberus 2112 Levered LLC
- Morningstar DBRS Confirms Its AA (sf) Credit Ratings on the Class A-R Loans and A-T Loans of Cerberus PSERS Levered LLC
- Morningstar DBRS Confirms its AA (sf) Credit Ratings on the Class A-R Loans and A-T Loans of Cerberus PSERS Levered LLC
- Morningstar DBRS Confirms Provisional Credit Ratings on Certain Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-4
- Morningstar DBRS Confirms Credit Ratings on Certain Tranche Amounts and Class E Notes of Kawartha CAD Ltd., Boreal 2024-1
- Morningstar DBRS Confirms Credit Ratings on the Revolving Advances and Term Advances Issued by Cerberus Income Levered LP
- Morningstar DBRS Discontinues Credit Ratings on the Term Loan and the Subordinated Loan of CBAM CLO Management LLC 2017-1
- Morningstar DBRS Assigns Credit Ratings to the Class A Loans of BlackRock Mt. Lassen Senior Loan Funding XII, LLC, Series 1
- Morningstar DBRS Confirms BBB (sf) Credit Rating on the Class A Variable Funding Notes Issued by Parliament Funding III LLC
- Morningstar DBRS Confirms Credit Ratings on the Class A Loans of BlackRock Mt. Lassen Senior Loan Funding XII, LLC, Series 1
- Morningstar DBRS Confirms Credit Ratings on the Class A Loans of BlackRock Mt. Lassen Senior Loan Funding XII, LLC, Series 1
- Morningstar DBRS Discontinues its Credit Rating on the Notes Representing the Advances Issued by Cerberus SWC Levered II LLC
- Morningstar DBRS Confirms Ratings on Certain Guarantee Linked Notes and Tranche Amounts of Manitoulin USD Ltd., Muskoka 2022-1
- Morningstar DBRS Confirms Ratings on Certain Guarantee Linked Notes and Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-3
- Morningstar DBRS Confirms Credit Ratings on the Class A Notes, the Class B Notes, and the Class C Notes of Cornhusker Funding 1A LLC
- Morningstar DBRS Confirms Credit Ratings on the Class A Notes, the Class B Notes, and the Class C Notes of Cornhusker Funding 1B LLC
- Morningstar DBRS Confirms Credit Ratings on Certain Guarantee Linked Notes and Tranche Amounts of Manitoulin USD Ltd., Muskoka 2019-1
- Morningstar DBRS Confirms Credit Ratings on Certain Guarantee Linked Notes and Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-2
- Morningstar DBRS Discontinues Due to Repayment Its Credit Rating on the Class A-R Notes Issued by TIAA Churchill Middle Market CLO I Ltd.
- Morningstar DBRS Discontinues and Withdraws Credit Ratings on the Tranche Amounts and Boreal 2022-2 Series Notes Issued by Kawartha CAD Limited
- Morningstar DBRS Confirms and Upgrades Credit Ratings on Certain Guarantee Linked Notes and Tranche Amounts of Manitoulin USD Ltd., Algonquin 2022-1
- Morningstar DBRS Confirms Credit Rating on the Class A-1 Notes and Discontinues Credit Rating on the Class A Loans Issued by Cerberus Loan Funding XXIV L.P.
- Morningstar DBRS Discontinues and Withdraws Credit Ratings on the Tranche Amounts and Boreal 2022-1 Series Notes Issued by Kawartha CAD Limited
- Morningstar DBRS Confirms AA (sf) Ratings on the Loans and Discontinues Rating on the Class A-R-2 Loans and the Class A-T-1 Loans of Cerberus Redwood Levered B LLC
- Morningstar DBRS Confirms AA (sf) Credit Ratings on Class A-R, Class A-T Loans and Discontinues AA (sf) Credit Rating on Class A-T-2 Loans of Cerberus 2112 Levered LLC
- Morningstar DBRS Discontinues Credit Ratings, Reassigns Provisional Credit Ratings on the Funded Class B-1 Loans, Funded Class B-2 Loans, and Funded Class C Loans of NPC Funding IX, Ltd.
- Morningstar DBRS Publishes Updated Operational Risk Assessment for Collateralized Loan Obligations (CLOs) and Corporate Collateralized Debt Obligations (CDOs) Methodology
Contacts
Thomas Crowe
Senior Vice President - US Structured Finance Ratings, Operational Risk
+(1) 212 806 3280
thomas.crowe@morningstar.com- Patrick McCormick
Senior Vice President - US Structured Finance Ratings, Operational Risk
+(1) 212 806 3244
patrick.mccormick@morningstar.com - Brian Medwig
Senior Vice President - US Structured Finance Ratings, Operational Risk
+(1) 212 806 3290
brian.medwig@morningstar.com
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