KBRA Europe Assigns Preliminary Ratings to Bastille Euro CLO 2020-3 DAC

DUBLIN–(BUSINESS WIRE)–Kroll Bond Rating Agency Europe Limited (KBRA) assigns preliminary ratings to six classes of notes to be issued by Bastille Euro CLO 2020-3 DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds. Bastille Euro CLO 2020-3 DAC is managed by CBAM CLO Management Europe, LLC (“CBAM Europe” or the “collateral manager”). The CLO will have a 3.8-year reinvestment period and a 13.2-year lega