Press Release|Structured Credit
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KBRA Withdraws Ratings for Shawnee 2024-1 LLC and Shawnee 1892 LLC

29 Oct 2026   |   New York

Contacts

KBRA withdraws the ratings on the Class C, Class D, and Class E notes issued by Shawnee 2024-1 LLC, a cash flow collateralized loan obligation (CLO) backed by a portfolio of middle market and broadly syndicated senior secured term loans to corporate borrowers.

KBRA also withdraws the ratings on the Class A-RR, Class B-RR, Class C-RR, Class D-RR, and Class E-RR issued by Shawnee 1892 LLC, a cash flow collateralized loan obligation (CLO) backed by diversified portfolios of broadly syndicated and middle market corporate loans and bonds.

The rating withdrawals follow the full repayment of the rated notes issued by Shawnee 2024-1 LLC and Shawnee 1892 LLC on October 23, 2026. Since the transactions closed, the rated notes have received timely distributions of interest payments.

Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the US Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. Kroll Bond Rating Agency Japan K.K. is registered as a CRA with the Japan Financial Services Agency. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan’s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.

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