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Various Rating Actions Taken On 13 Asia-Pacific Synthetic CDOs Jun 07 Product Image

Various Rating Actions Taken On 13 Asia-Pacific Synthetic CDOs Jun 07

  • ID: 1782066
  • June 2007
  • Standard & Poors

FEATURED COMPANIES

  • ELM B.V.
  • Magnolia Finance I PLC
  • Sceptre Capital B.V.
  • STARTS (Ireland) PLC
  • MORE

Abstract
MELBOURNE (Standard & Poor's) June 22, 2007--Standard & Poor's Ratings Services today said that it has lowered its ratings on nine Asia-Pacific collateralized debt obligations (CDOs) (one of which remains on CreditWatch with negative implications) and raised the ratings on two other CDOs. In addition, the ratings on Onyx Funding Ltd. Series 2005-1 and Thunderbird Investments PLC Series 21 were affirmed and removed from CreditWatch with negative implications, where they were placed on June 7, 2007 (see list). RATINGS RATINGS TRANSACTION TO FROM SROC Corsair (Jersey) No.2 Ltd. Series 72 A+ AA-/Watch Neg 100.0542% Corsair (Jersey) No.2 Ltd. Series 87 A- A/Watch Neg 100.0000% Corsair (Jersey) No.2 Ltd. Series 97 AA- AA/Watch Neg 100.1473% Elm B.V. Series 99 A- A+/Watch...

Companies mentioned in this report are:
- Corsair (Jersey) No. 2 Ltd.
- Sceptre Capital B.V.
- Momentum CDO (Europe) Ltd.
- Thunderbird Investments PLC
- Magnolia Finance I PLC
- ELM B.V.
- STARTS (Ireland) PLC

Action: CreditWatch Update

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Corsair (Jersey) No. 2 Ltd.
- Sceptre Capital B.V.
- Momentum CDO (Europe) Ltd.
- Thunderbird Investments PLC
- Magnolia Finance I PLC
- ELM B.V.
- STARTS (Ireland) PLC

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