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Bauhaus Ltd. And Provide-VR 2004-1 German RMBS Notes Placed On CreditWatch Positive
Standard & Poors, April 2007
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
FRANKFURT (Standard & Poor's) April 27, 2007-Standard & Poor's Ratings Services said today that it has placed on CreditWatch with positive implications its credit ratings on the class B and C notes in Bauhaus Securities Ltd., and the class B, C, and D notes in Provide-VR 2004-1 PLC (see list below). The other notes in both transactions are unaffected by these rating actions. The CreditWatch placements follow an initial review of the most recent information on the transactions received by Standard & Poor's. Based on this analysis, the likelihood of positive rating actions in both transactions has increased. Levels of credit enhancement available to the classes of notes placed on CreditWatch positive have increased following the sequential amortization in both...
Companies mentioned in this report are: PROVIDE-VR 2004-1 PLC
Action: On CreditWatch:Positive
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