Discover more about S&P Global’s offerings
Tikehau CLO X DAC is a European cash flow CLO transaction, securitizing a portfolio of primarily senior secured leveraged loans and bonds. Tikehau Capital Europe Ltd. manages the transaction. The ratings assigned to Tikehau CLO X DAC's notes reflect our assessment of: The diversified collateral pool, which primarily comprises syndicated speculative-grade senior secured term loans and bonds that are governed by collateral quality tests. The credit enhancement provided through the subordination of cash flows, excess spread, and overcollateralization. The collateral manager's experienced team, which can affect the performance of the rated notes through collateral selection, ongoing portfolio management, and trading. The transaction's legal structure, which is bankruptcy remote. The transaction's counterparty risks, which are in line with our counterparty rating
Download