Fitch to Rate CIFC Funding 2021-II, Ltd. Reset Transaction; Publishes Presale Report
Fitch Ratings has assigned expected ratings to CIFC Funding 2021-II, Ltd. reset transaction, managed by CIFC Asset Management LLC. The transaction involves a $500 million portfolio of first lien senior secured leveraged loans. Ratings range from AAA(EXP) sf to BB-(EXP) sf, with stable outlooks. Key factors include asset credit quality, security, portfolio composition, and cash flow analysis. Sensitivity to recovery and default rates could affect ratings. No third-party due diligence was reviewed for this rating action.
