Press Release|Structured Credit

KBRA Withdraws the Class A-1 Rating for Wind River 2015-1, Ltd.

10 Apr 2024   |   New York


KBRA withdraws the rating on the Class A-1 Notes issued by Wind River 2015-1 CLO Ltd., a cash flow collateralized loan obligation (“CLO”) backed by a diversified portfolio of broadly syndicated corporate loans. The rating withdrawal follows the notes paid down in full on April 10, 2024 in connection to Partial Redemption by Refinancing. Since the transaction closed, the Class A-1 Notes have received timely distributions of interest payments.

Wind River 2015-1 CLO Ltd. is a $617.62 million cash flow CLO managed by First Eagle Alternative Credit, LLC. The CLO originally closed in July 2015, partially refinanced in August 2017, and reset again in November 2018. The notes were collateralized by a $603.52 million portfolio of broadly syndicated senior secured term loans to corporate borrowers at closing of the November 2018 reset amendment. The transaction reinvestment period ended in October 2023.

To access rating and relevant documents, click here.



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

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: 1003897

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