Press Release|Structured Credit
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KBRA Withdraws the Class F Notes Rating for Shawnee 2022-1 LLC

18 Jul 2024   |   New York

Contacts

KBRA withdraws the rating on the Class F Notes issued by Shawnee 2022-1 LLC ("Shawnee 2022-1") a cashflow collateralized loan obligation that closed on April 21, 2022. The rating withdrawal follows the notification from the Servicer to KBRA of the Class F Notes full redemption on May 10, 2024. There were no principal losses or interest shortfalls reported during the life of the withdrawn securities.

Shawnee 2022-1 is serviced by Panagram Structured Asset Management, LLC (“Panagram” or the “Servicer”). The collateral in Shawnee 2022-1 consists of primarily middle market leveraged loans issued by corporate obligors.

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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: 1004561

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