Moody's Ratings (Moody's) has assigned ratings to four classes of refinancing notes (collectively, the "Refinancing Notes") issued by PPM CLO 3 Ltd. (the "Issuer"). Our rating action is as follows: U.S.$246,000,000 Class A-1R2 Senior Secured Floating Rate Notes due 2034, Assigned Aaa (sf) U.S.$...
Moody's Ratings (Moody's) has downgraded the ratings on the following notes issued by PPM CLO 3 Ltd.: U.S.$20,000,000 Class E-R Deferrable Floating Rate Notes due 2034 (the "Class E-R Notes"), Downgraded to B1 (sf); previously on March 25, 2021 Assigned Ba3 (sf) PPM CLO 3 Ltd., originally issued...
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