AMAPS 7 LLC Preliminary Rating Report

This preliminary rating report outlines Kroll Bond Rating Agency’s (KBRA) evaluation of the Class A-1 Notes, Class A-1-L-C Loans, and the Class A-1-L-NC Loans (collectively, the “Class A-1 Debt”), the Class A-2-a Notes, Class A-2-a-L-C Loans, and Class A-2-a-L-NC Loans (collectively, the “Class A-2-a Debt”), the Class A-2-b Notes (together with the Class A-2-a Debt, the “Class A-2 Debt”, and together with the Class A-1 Debt, the “Class A Debt”), as well as the Class B Notes and the Class C Notes (together with the Class A-1 Notes, Class A-2-a Notes, and Class A-2-b Notes, the “Rated Debt”) issued by AMAPS 7 LLC (the “Issuer” or the “Fund”). AMAPS (Apollo Multi-Asset Prime Securities) is Apollo's multi-asset investment strategy, which aims to provide diversified exposure to corporate credit, asset-backed finance, private and broadly syndicated lending, and opportunistic investments, subject to portfolio guidelines targeting a minimum of 40% investment grade collateral and at least 90%…