- Language: English
- Published: December 2012
- Region: Great Britain, United Kingdom
Transaction Update: Epic (Ayton) PLC Apr 07
- ID: 1782026
- April 2007
- Standard & Poors
This transaction update follows a review of the Epic (Ayton) PLC transaction based on the January 2007 report released by the servicer, The Royal Bank of Scotland PLC (RBS). As a result of this review, Standard & Poor's removed from CreditWatch with positive implications and raised the ratings on the class C, D, E, and F notes to 'AAA', 'AAA', 'AA' and 'A', respectively. The ratings on the class A and B notes were affirmed. The upgrades were triggered by prepayments of the three smallest loans, which has improved credit enhancement levels for all classes apart from the class F notes and delevered the LTV ratios for all note classes. The loans which prepaid were the Dunedin (19.8% of pool...
Companies mentioned in this report are:
- Epic (Ayton) PLC
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: Full Analysis