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Bulletin: Ratings Unchanged In Austrian CMBS Forest Finance PLC Following Review Oct 07
Standard & Poors, Oct 2007
Abstract
LONDON (Standard & Poor's) Oct. 10, 2007-Standard & Poor's Ratings Services said today that, following a review of the Forest Finance PLC transaction based on the investor report provided by ABN AMRO Bank N.V., up to and including August 2007, there are no changes to the ratings on the notes (see list below). Our review has led to the conclusion that the performance of the transaction is stable and that no rating action is warranted at this time. This is a secured loan transaction with real estate assets owned by Immofinanz Immobilien Anlagen AG, Austria's largest listed property company. Forest Finance was the first multiproperty CMBS transaction originated in Austria. It closed in June 2005 with one single loan secured...
Companies mentioned in this report are: Forest Finance PLC,Royal Bank of Scotland N.V. (The)
Action: Bulletin
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.
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