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Bulletin: Ratings In PROSCORE-VR 2005-1 PLC Remain Unchanged After Review
Standard & Poors, Dec 2006
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
LONDON (Standard & Poor's) Dec. 13, 2006-Standard & Poor's Ratings Services said today that the ratings on the notes issued by PROSCORE-VR 2005-1 PLC remain unchanged after a review of the transaction's October 2006 investor report, prepared by the servicers (see list below). This review has led to the conclusion that the transaction's performance is stable, and that no rating action is warranted at this time. The transaction closed on July 8, 2005, and is a synthetic, partially-funded transaction that at closing, was backed by 3,072 commercial loans secured on properties throughout Germany. The total principal outstanding was -734.8 million. At the October 2006 interest payment date, 2,619 loans were in the reference pool, with a total principal balance of...
Companies mentioned in this report are: PROSCORE-VR 2005-1 PLC
Action: Bulletin
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