• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Ratings On 22 Asia-Pacific Synthetic CDO Tranches Placed On CreditWatch Negative; Five Tranches Affirmed Jul 09 Product Image

Ratings On 22 Asia-Pacific Synthetic CDO Tranches Placed On CreditWatch Negative; Five Tranches Affirmed Jul 09

  • ID: 1782438
  • July 2009
  • Standard & Poors

FEATURED COMPANIES

  • Athenee CDO PLC
  • Eirles Two Ltd.
  • Magnolia Finance I PLC
  • Morgan Stanley ACES SPC
  • Sceptre Capital B.V.
  • MORE

Abstract
HONG KONG (Standard & Poor's) July 9, 2009Standard & Poor's Ratings Services today placed the ratings on 22 tranches of Asia-Pacific (excluding Japan) synthetic collateralized debt obligations (CDOs) on CreditWatch with negative implications. In addition, the ratings on five other CDO tranches were taken off CreditWatch negative and affirmed. The 22 transactions in the list below have been placed on CreditWatch negative due to a fall in their SROC (synthetic rated overcollateralization) levels to below 100% at the current rating level in the analysis as of end-June 2009. This reflects the negative rating migration within the portfolios. Deal Name Rating To Rating From SROC Athenee CDO PLC Series 2007-2 BBB/Watch Neg BBB 99.7076% Athenee CDO PLC Series 2007-3 BBB/Watch Neg...

Companies mentioned in this report are:
- Athenee CDO PLC
- Eirles Two Ltd.
- Sceptre Capital B.V.
- Magnolia Finance I PLC
- Morgan Stanley ACES SPC

Action: Affirmed
Action: On CreditWatch:Negative
Action: Removed From CreditWatch

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

- Athenee CDO PLC
- Eirles Two Ltd.
- Sceptre Capital B.V.
- Magnolia Finance I PLC
- Morgan Stanley ACES SPC

Note: Product cover images may vary from those shown

RELATED PRODUCTS