Latam Trust Series 2007-105 Certificates Rating Placed On CreditWatch Negative Jan 09
- ID: 1713567
- January 2009
- Standard & Poors
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 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. SHOW LESS READ MORE >