DBRS Morningstar Confirms Ratings on the Class A-1 Notes Issued by Portman Ridge Funding 2018-2 Ltd.
DBRS, Inc. (DBRS Morningstar) confirmed its AAA (sf) ratings on the Class A-1R-R Senior-Secured Revolving Floating-Rate Notes and the Class A-1T-R Senior-Secured Floating-Rate Notes issued by Portman Ridge Funding 2018-2 Ltd. (the Issuer or Portman Ridge CLO; formerly known as (fka) Garrison Funding 2018-2 Ltd.) pursuant to the Indenture dated as of October 18, 2018, among the Issuer; Portman Ridge Funding 2018-2 LLC (fka Garrison Funding 2018-2 LLC) as Co-Issuer; and Deutsche Bank Trust Company Americas as Trustee. DBRS Morningstar notes that the Issuer’s name was changed to Portman Ridge Funding 2018-2 Ltd. from Garrison Funding 2018-2 Ltd. pursuant to the Fourth Supplemental Indenture dated as of September 17, 2021.
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