Ratings Lowered On Two Classes Of DTC Three Funding And One Class of DTC Eight Funding
Standard & Poors
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
TOKYO (Standard & Poor's) April 15, 2009--Standard & Poor's Ratings Services today lowered to 'AA' from 'AAA' (two notches) its ratings on DTC Three Funding Ltd.'s (DTC3) class A-1 and A-2 apartment mortgage-backed pass-through notes and its ratings on DTC Eight Funding Ltd.'s (DTC8) class A pass-through secured notes, and withdrew the ratings from CreditWatch with negative implications (see list below). At the same time, Standard & Poor's affirmed its ratings on the class B to E notes issued under both DTC3 and DTC8, and withdrew the ratings from CreditWatch with negative implications. The ratings on the class A to E notes issued under both the DTC3 and DTC8 transactions address the ultimate repayment of principal and the full and...
Companies mentioned in this report are: DTC Three Funding Ltd.,DTC Eight Funding Ltd.
Action: Downgraded
DTC Three Funding Ltd.,DTC Eight Funding Ltd.
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