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Ratings Lowered To 'D' On Junior Notes In MADRID RMBS II And MADRID RMBS III May 09 Product Image

Ratings Lowered To 'D' On Junior Notes In MADRID RMBS II And MADRID RMBS III May 09

  • ID: 1711487
  • May 2009
  • Standard & Poors

Abstract
MADRID (Standard & Poor's) May 22, 2009Standard & Poor's Ratings Services today lowered to 'D' its credit ratings on the class E notes issued by MADRID RMBS II, Fondo de Titulizacion de Activos (MADRID RMBS II) and the class D and E notes issued by MADRID RMBS III, Fondo de Titulizacion de Activos (MADRID RMBS III) following missed interest payments on these classes of notes on the May 22 interest payment date (IPD). At the same time, we have taken various other rating actions: -- We lowered our ratings on various mezzanine notes issued by MADRID RMBS II, MADRID RMBS III, and MADRID RMBS I, Fondo de Titulizacion de Activos (MADRID RMBS I). -- We withdrew our ratings on the...

Companies mentioned in this report are:
- MADRID RMBS II, Fondo de Titulizacion de Activos
- MADRID RMBS I, Fondo de Titulizacion de Activos
- MADRID RMBS III, Fondo de Titulizacion de Activos

Action: Affirmed
Action: Downgraded
Action: Withdrawn

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.

- MADRID RMBS II, Fondo de Titulizacion de Activos
- MADRID RMBS I, Fondo de Titulizacion de Activos
- MADRID RMBS III, Fondo de Titulizacion de Activos

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