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Latam Trust Series 2007-105 Certificates Rating Placed On CreditWatch Negative Jan 09 Product Image

Latam Trust Series 2007-105 Certificates Rating Placed On CreditWatch Negative Jan 09

  • Published: January 2009
  • Standard & Poors

FEATURED COMPANIES

  • Chile (Republic of)
  • Endesa S.A.
  • MORE

Abstract
NEW YORK (Standard & Poor's) Jan. 16, 2009--Standard & Poor's Ratings Services today placed its 'A-' rating on Latam Trust Series 2007-105's Chilean peso (CLP) 5,136,500,000 certificates due 2018 on CreditWatch with negative implications. The rating action follows our Jan. 15, 2009, placement of our 'A-' long-term corporate credit rating on Endesa S.A. on CreditWatch negative (see " Spanish Utility Endesa S.A. 'A-' Long-Term Rating Placed On CreditWatch Negative; 'A-2' Short-Term Rating Affirmed," published on RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com). Latam Trust Series 2007-105 is a synthetic structured financing with a first-to-default structure that is credit-linked to Endesa. In addition, the structure has collateral in the form of...

Companies mentioned in this report are:
- Latam Trust Series 2007-105
- Endesa S.A.
- Chile (Republic of)

Action: On CreditWatch:Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

- Latam Trust Series 2007-105
- Endesa S.A.
- Chile (Republic of)

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