Press Release|Structured Credit

KBRA Withdraws Ratings for Shawnee 2022-1 LLC

17 Apr 2025   |   New York

Contacts

KBRA withdraws the ratings on the Class A, Class B, Class C, Class D, and Class E Notes issued by Shawnee 2022-1 LLC, a cash flow collateralized loan obligation that closed in April, 2022. The rating withdrawal follows the full redemption of the notes on April 16, 2025. Since the transaction closed, the rated notes have received timely distribution of interest payments.

Shawnee 2022-1 is serviced by Panagram Structured Asset Management LLC (“Panagram” or the “servicer”) and is a static portfolio with no ability to reinvest. The collateral in Shawnee 2022-1 primarily consists of both middle market and broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.

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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: 1009095

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