The Romanian Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 2015
- Published: April 2011
- Region: Romania
In the first quarter of 2010, Standard & Poor's Ratings Services continued to observe negative rating migration in its European asset-backed securities (ABS) transactions, mainly due to deterioration in the performance of the underlying collateral. Most European countries reported small, but positive, GDP increases toward the end of 2009, and we have observed a corresponding slowdown in performance deterioration. However, we believe this has not been sufficiently strong to keep ratings stable in European ABS. In Q1 2010 we downgraded one or more tranches in 15 transactions. The current quarter looks equally negative: 16 transactions currently have one or more tranches on CreditWatch negative. These provide an insight into where we might expect future rating activity in European ABS transactions....
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >
- Punch Taverns Finance PLC
- Unique Pub Finance Co. PLC (The)
- Honours PLC
- Punch Taverns Finance B Ltd.
- Agri Securities S.r.l.
- Telereal Securitisation PLC
- Quarzo S.r.l.
- Vela Lease S.r.l.
- Chester Asset Receivables Dealings Issuer Ltd.
- Spirit Issuer PLC
- Tricolore Funding S.r.l.
- Marston's Issuer PLC
- CM Bancaja 1, Fondo de Titulizacion de Activos
- Locat SV S.r.l.
- GATE SME CLO 2005-2 Ltd.
- Compagnia Finanziaria 1 S.r.l.
- AyT Deuda Subordinada I Fondo de Titulizacion de Activos
- SMILE Securitisation Company 2007 B.V.
- BBVA Finanzia Autos 1, Fondo de Titulizacion de Activos
- S-CORE 2007-1 GmbH
- Delamare Cards MTN Issuer PLC
- Adriatico Finance SME S.r.l.
- VCL No. 8 Ltd.
- Carillon Ltd.
- GATE SME CLO 2006-1 Ltd.
- Epic (Barchester) PLC
- CLOCK Finance No. 1 B.V.
- FCT Eurotruck Lease II
- BBVA Consumo 3 Fondo de Titulizacion de Activos
- S-CORE 2008-1 GmbH
- A-Leasing Finance S.r.l.