Announcement: Moody's: No adverse rating impact on ratings of Class C Notes, Class D Notes and Class E Notes issued by Marble Point CLO XIV Ltd. due to Partial Refinancing
Global Credit Research - 19 Jan 2021
New York, January 19, 2021 -- Moody's Investors Service ("Moody's") announced today that a partial refinancing upon a redemption of secured notes by Marble Point CLO XIV Ltd. (the "Issuer") effective as of January 20, 2021 (the "Partial Refinancing") would not in and of itself and as of this point in time cause the immediate withdrawal or reduction by Moody's of its current ratings of the Notes issued by the Issuer that are not the subject of the Partial Refinancing.
Moody's opinion addresses only the credit impact associated with the proposed Partial Refinancing, and Moody's is not expressing an opinion as to whether the Partial Refinancing could have other non-credit-related effects that may have a detrimental impact on the interests of holders of rated obligations.
The Partial Refinancing is taking place in conjunction with the related redemption of the Class A-1 Notes, Class A-2 Notes, the Class B-1 Notes and the Class B-2 Notes through the issuance and sale of Class A-1-R Senior Floating Rate Notes, Class A-2-R Senior Fixed Rate Notes and Class B-R Senior Floating Rate Notes on the same date as the Partial Refinancing.
The principal methodology used in reaching its conclusion and in monitoring the ratings of the Notes issued by the Issuer is "Moody's Global Approach to Rating Collateralized Loan Obligations" published in December 2020. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Stephen Lioce Senior Vice President Structured Finance Group Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Yu Sun, CFA Senior Vice President/Manager Structured Finance Group JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Releasing Office: Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653
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