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Press release content from Business Wire. The AP news staff was not involved in its creation. KBRA Assigns Preliminary Ratings to RRE 7 Loan Management DAC July 22, 2021 GMT LONDON (BUSINESS WIRE) Jul 22, 2021 Kroll Bond Rating Agency UK Limited (KBRA) assigns preliminary ratings to five classes of notes issued by RRE 7 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans and bonds. RRE 7 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). The CLO will have a 4.4-year reinvestment period and a 14.4-year legal final. The ratings reflect initial credit enhancement levels, coverage tests including par value and interest coverage tests, excess spread, and a reinvestment overcollateralisation test.

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