-DBRS keeps Confluent Senior Loans Opportunities rating.
M2 EQUITYBITES-November 5, 2010--DBRS keeps Confluent Senior Loans Opportunities rating(C)2010 M2 COMMUNICATIONS http://www.m2.com
5 November 2010 - DBRS on Thursday affirmed the AA (sf) rating on the class A floating rate senior secured variable funding notes issued by Confluent Senior Loans Opportunities plc.
"Confluent is collateralised primarily by a portfolio of European and U.S. high-yield corporate loans. The DBRS rating addresses Confluent's ability to make timely payments of interest and ultimate payments of principal on or before the legal maturity date of the notes," DBRS said.
The agency added that the rating is based on "the satisfactory credit enhancements to withstand projected collateral loss rates under various cash flow stress scenarios".
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