Press Release|Structured Credit

KBRA Withdraws the Ratings for Shawnee 2021-1 LLC

18 Jul 2024   |   New York

Contacts

KBRA withdraws the ratings on Shawnee 2021-1 LLC following the redemption of the notes on July 17, 2024.

Shawnee 2021-1 LLC is a $412.4 million cash flow CLO serviced by Panagram Structured Asset Management, LLC. The notes are collateralized by a $408.4 million portfolio of primarily senior secured term loans to corporate borrowers. Since the transaction closed, the rated notes have received timely distribution of interest payments.

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Disclosures

A 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 here.

Information on the meaning of each rating category can be located here.

Further 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 www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency 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 by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1005139

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