Press Release|Structured Credit

KBRA Withdraws the Ratings for Carlyle US CLO 2021-3S, Ltd.

5 Mar 2026   |   New York

Contacts

KBRA withdraws the ratings on Carlyle US CLO 2021-3S, Ltd. following the redemption of the notes on March 2, 2026. Carlyle US CLO 2021-3S, Ltd. (“Carlyle 2021-3S”) is a $492.4 million cash flow collateralized loan obligation CLO managed by Carlyle CLO Management LLC (“Carlyle” or the “collateral manager”). The notes were collateralized by a $500.0 million portfolio of broadly syndicated senior secured term loans and bonds to corporate borrowers at closing in March 2021. 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), 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’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

Doc ID: 1013797