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Rating Actions Taken On 21 European Synthetic CDOs After Dependent Party Rating Change Jun 09 Product Image

Rating Actions Taken On 21 European Synthetic CDOs After Dependent Party Rating Change Jun 09

  • ID: 1782433
  • June 2009
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Argon Capital PLC
  • Aria CDO I
  • Dali Capital PLC
  • Edam Funding One Ltd.
  • Helium Capital Ltd.
  • Signum Verde Ltd.
  • MORE

Abstract
OVERVIEW -- These rating actions follow recent rating changes on the underlying collateral or obligor in the affected deals. -- All affected deals are European CDO transactions. LONDON (Standard & Poor's) June 30, 2009--Standard & Poor's Ratings Services today took credit rating actions on 21 European synthetic collateralized debt obligation (CDO) tranches following recent rating changes on the underlying collateral or obligor in those deals. Specifically, we: -- Removed from CreditWatch negative the rating on one tranche; -- Placed on CreditWatch negative the ratings on seven tranches; -- Lowered the ratings on five tranches; -- Lowered and placed on CreditWatch negative the ratings on two tranches; -- Lowered and kept on CreditWatch negative the rating on one tranche; and --...

Companies mentioned in this report are:
- Dali Capital PLC
- Argon Capital PLC
- Helium Capital Ltd.
- Edam Funding One Ltd.
- Aria CDO I
- Aquarius + Investments PLC
- SOMF Ltd.
- Signum Verde Ltd.
- Protected Credit Notes Ltd.

Action: CreditWatch Update
Action: Downgraded
Action: On CreditWatch:Negative
Action: Removed From CreditWatch

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Note: Product cover images may vary from those shown

- Dali Capital PLC
- Argon Capital PLC
- Helium Capital Ltd.
- Edam Funding One Ltd.
- Aria CDO I
- Aquarius + Investments PLC
- SOMF Ltd.
- Signum Verde Ltd.
- Protected Credit Notes Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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