{"id":9073,"date":"2026-05-20T22:21:00","date_gmt":"2026-05-20T20:21:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=70f93149dd43c08d7a10a49ca600e40d"},"modified":"2026-05-20T22:21:00","modified_gmt":"2026-05-20T20:21:00","slug":"kbra-assigns-preliminary-ratings-for-rre-29-loan-management-dac","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=9073","title":{"rendered":"KBRA Assigns Preliminary Ratings for RRE 29 Loan Management DAC"},"content":{"rendered":"<p>LONDON--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA UK (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 29 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260520500725\/en\/2811298\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260520500725\/en\/2811298\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260520500725\/en\/2811298\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260520500725\/en\/2811298\/21\/kbra-logo.jpg\" \/><\/a><p>\nRRE 29 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (\u201cRRAM UK\u201d or the\u201ccollateral manager\u201d). The CLO will have a 4.5-year reinvestment period and a 14.5-year legal final. The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.<\/p><p>\nThe collateral in RRE 29 Loan Management DAC will mainly consist of broadly syndicated leveraged loans and bonds issued by corporate obligors diversified across sectors. The target portfolio par amount is \u20ac400.0 million with exposures to 149 obligors. The obligors in the portfolio have a K-WARF of 2370, which represents a weighted average portfolio assessment of approximately B.<\/p><p>\nRRAM UK is a UK-based subsidiary of Redding Ridge Asset Management LLC, an independent asset management company established and seeded by Apollo Global Credit Management, LLC (Apollo) in 2016 to manage CLOs. The RRAM UK management arm currently manages more than \u20ac8.2 billion in assets across nineteen European CLOs.<\/p><p>\nThe ratings on the Class A-1 and A-2 Notes consider the timely payment of interest and ultimate payment of principal by the applicable stated maturity date, while the ratings on the Class B, C and D Notes consider the ultimate payment of interest and principal by the applicable stated maturity date.<\/p><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F69337%2Fratings&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=1467cab1179e238c8976d4acc375000f\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nClick <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FtNQwDPpT%2Frre-29-loan-management-dac-pre-sale-report%3F&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=f80b0bdb9cccd5af97e722d473122d47\" rel=\"nofollow\" shape=\"rect\">here<\/a> to view the report.<\/p><p>\n<strong>Methodologies<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FNjhxMyqP&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=Structured+Credit%3A+Structured+Credit+Global+Rating+Methodology&amp;index=3&amp;md5=64cd21f7e97d677513b0fc1deccc5cd3\" rel=\"nofollow\" shape=\"rect\">Structured Credit: Structured Credit Global Rating Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FRjVgkPtk&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=Structured+Finance%3A+Global+Structured+Finance+Counterparty+Methodology&amp;index=4&amp;md5=a7e53172a42f09d01c7d1e2b0bad9a1d\" rel=\"nofollow\" shape=\"rect\">Structured Finance: Global Structured Finance Counterparty Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nFurther information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FJZRHwTBd%2F&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=ESG+factors&amp;index=5&amp;md5=aa2078bd5df2f25fb12b9415ce447b30\" rel=\"nofollow\" shape=\"rect\">ESG factors<\/a> (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.<\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Ftransaction%2F69337%2Fdisclosures&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=here&amp;index=6&amp;md5=f99309729d263faf9e6262dd2c89429c\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=here&amp;index=7&amp;md5=ec3a037bd7b69db2a2cd61a121e08d65\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nThis credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union. Information on a credit rating\u2019s endorsement status is available on its rating page at KBRA.com.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=8&amp;md5=ecfb99af72d12f0fabaa06ec17f75188\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\nThere are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and\/or Shareholder-Related Companies, as that term is defined in KBRA\u2019s Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fdocuments%2Freport%2F60886%2Fgeneral-ownership-disclosures&amp;esheet=54539465&amp;newsitemid=20260520500725&amp;lan=en-US&amp;anchor=here&amp;index=9&amp;md5=9710909af4bb10fe2982d7071eb28b97\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\n<strong>About KBRA UK<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England.<\/p><p>\nDoc ID: 1015090<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nGabriele Gramazio, Managing Director (Lead Analyst)\n<br\/>+44 20 8148 1001\n<br\/><a  href=\"mailto:gabriele.gramazio@kbra.com\" rel=\"nofollow\" shape=\"rect\">gabriele.gramazio@kbra.com<\/a><\/p><p>\nCian Durkin, Senior Analyst\n<br\/>+44 20 8148 1082\n<br\/><a  href=\"mailto:cian.durkin@kbra.com\" rel=\"nofollow\" shape=\"rect\">cian.durkin@kbra.com<\/a><\/p><p>\nEric Hudson, Senior Managing Director, Co-Head of Global Structured Credit (Rating Committee Chair)\n<br\/>+1 646-731-3320\n<br\/><a  href=\"mailto:eric.hudson@kbra.com\" rel=\"nofollow\" shape=\"rect\">eric.hudson@kbra.com<\/a><\/p><p>\n<strong>Business Development Contacts<\/strong><\/p><p>\nMauricio No\u00e9, Co-Head of Europe\n<br\/>+44 20 8148 1010\n<br\/><a  href=\"mailto:mauricio.noe@kbra.com\" rel=\"nofollow\" shape=\"rect\">mauricio.noe@kbra.com<\/a><\/p><p>\nMiten Amin, Managing Director\n<br\/>+44 20 8148 1002\n<br\/><a  href=\"mailto:miten.amin@kbra.com\" rel=\"nofollow\" shape=\"rect\">miten.amin@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>LONDON&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA UK (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 29 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9073","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9073"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9073\/revisions"}],"predecessor-version":[{"id":9074,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/9073\/revisions\/9074"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}