|
|
 |
|
Viewing report
|
|
|
|
Aviation Capital Group Trust Class A-1 Notes And Acapulco Funding 2005-1 Class A Notes Ratings Lowered
Standard & Poors, April 2011
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
OVERVIEW Aviation Capital Group Trust is an aircraft ABS transaction collateralized primarily by the lease revenue and sale proceeds from 22 aircraft. Acapulco Funding 2005-1 is a repackaged ABS transaction collateralized primarily by Aviation Capital Group Trust's class A-1 notes. We lowered our rating on Aviation Capital Group Trust's class A-1 notes to 'B- (sf)' from 'BB (sf)' and removed the negative outlook on the rating. We lowered our rating on Acapulco Funding 2005-1's class A notes to 'B+ (sf)' from 'BBB- (sf)' and removed it from CreditWatch negative. The downgrade of Aviation Capital Group Trust's class A-1 notes reflects our opinion of the quality and value of the 22 aircraft; the number of aircraft on the ground; and the...
Companies mentioned in this report are: Aviation Capital Group Trust,Acapulco Funding 2005-1
Action: Downgraded
Action: Removed From CreditWatch
|
|
|
|
