Fitch: Venture XVI CLO, Ltd's Ratings Unaffected By Amendment to Class A Max. Permitted Draw Amount

CHICAGO--()--According to Fitch Ratings, Venture XVI CLO, Limited notes' ratings will not be impacted by the increase to the class A maximum permitted draw amount from $170 million to $255 million. Fitch has reviewed the amendment documentation and determined that the upsize does not materially impact the rating factors considered in its initial analysis.

Venture XVI CLO, Limited is a term facility that closed in November 2013 to fund purchases of broadly syndicated loans. Key rating drivers and rating sensitivities are outlined in Fitch's original press release dated Nov. 25, 2013.

Fitch currently rates the class A notes as follows:

--$255,000,000 class A delayed draw notes 'Asf'; Outlook Stable.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Fitch Rates Venture XVI CLO, Limited' dated Nov. 25, 2013;

--'Venture XVI CLO, Limited - Appendix' dated Nov. 25, 2013.

Applicable Criteria and Related Research:

Venture XVI CLO, Limited -- Appendix

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=725035

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Contacts

Fitch Ratings
Aaron Hughes
Director
+1-312-368-2074
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
or
Derek Miller
Senior Director
+1-312-368-2076
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
Email: sandro.scenga@fitchratings.com

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Contacts

Fitch Ratings
Aaron Hughes
Director
+1-312-368-2074
Fitch Ratings, Inc.
70 West Madison Street
Chicago, IL 60602
or
Derek Miller
Senior Director
+1-312-368-2076
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
Email: sandro.scenga@fitchratings.com