|
|
 |
|
Viewing report
|
|
|
|
Bulletin: S&P Comments On Remedies Implemented In Various Securitizations Following Bancaja's Downgrade
Standard & Poors, Dec 2008
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
MADRID (Standard & Poor's) Dec. 3, 2008-Standard & Poor's Ratings Services said today that it has completed part of its review of the exposure to counterparty risk in 10 deals originated by Caja de Ahorros de Valencia, Castellon y Alicante (Bancaja; see list below). The ratings on the notes issued in these deals remain unaffected. This review is as a result of the downgrade on Sept. 23 of the long- and short-term counterparty credit ratings on Bancaja to 'A-/A-2' from 'A/A-1'. Among the various roles Bancaja performs in the deals listed below, it acted (at closing) as treasury account provider and paying agent in all 10 transactions, and as liquidity line provider in one (FTPYME Bancaja 3, Fondo de Titulizacion...
Companies mentioned in this report are: Bancaja 5 Fondo de Titulizacion de Activos,Caja de Ahorros de Valencia, Castellon y Alicante,Bancaja 6 Fondo de Titulizacion de Activos,Bancaja 7 Fondo de Titulizacion de Activos,FTPYME Bancaja 3, Fondo de Titulizacion de Activos,CM Bancaja 1, Fondo de Titulizacion de Activos,Bancaja 10, Fondo de Titulizacion de Activos,Bancaja 11, Fondo de Titulizacion de Activos,FTPYME Bancaja 6, Fondo de Titulizacion de Activos
Action: Bulletin
|
|
|
|
