S&P assigns ratings to Elevation CLO 2026-19 debt

S&P assigns ratings to Elevation CLO 2026-19 debt

S&P Global Ratings Assigns Preliminary Ratings to Elevation CLO 2026-19 Ltd. Debt
February 20, 2026

S&P Global Ratings has assigned preliminary credit ratings to the debt tranches of Elevation CLO 2026-19 Ltd., a collateralized loan obligation (CLO) vehicle. The ratings, issued as part of a presale process, reflect the agency's assessment of the structure's credit quality and risk profile prior to finalizing the transaction.

The CLO, structured as a limited liability company, is designed to securitize a portfolio of leveraged loans. Preliminary ratings are typically subject to change based on the final composition of the underlying collateral, transaction terms, and other factors that may emerge during the closing process. Investors and market participants are advised to review the final ratings, which will be published upon the transaction's completion.

Collateralized loan obligations like Elevation CLO 2026-19 Ltd. are structured to pool leveraged loans and issue securities to investors across varying risk tiers. The ratings assigned by S&P aim to provide transparency regarding the expected performance of each tranche, enabling investors to evaluate alignment with their risk tolerance and portfolio strategies.

No details regarding the specific rating levels, credit enhancements, or portfolio composition were disclosed in the initial announcements. Final documentation and updated ratings will be released following the transaction's closing, which is expected in the coming months.

As of February 20, 2026, no further updates or changes to the preliminary ratings have been reported. Investors seeking additional details are encouraged to consult the official S&P Global Ratings regulatory filings for Elevation CLO 2026-19 Ltd.