|
|
 |
|
Viewing report
|
|
|
|
67 Ratings Lowered In 10 European CLOs; Approximately $4.54 Billion Of Issuance Affected (June 10, 2010 Review) Jun 10
Standard & Poors, June 2010
Abstract
OVERVIEW We lowered our ratings on 67 European CLO tranches. Additionally, we affirmed our ratings on seven tranches and withdrew our rating on one tranche. The downgrades follow the application of our updated criteria for corporate CDOs, as well as our assessment of the credit deterioration in some of the transaction portfolios. The affirmations reflect our view that the tranches have adequate credit support to maintain their current ratings under our updated criteria. LONDON (Standard & Poor's) June 10, 2010--Standard & Poor's Ratings Services today lowered its credit ratings on 67 tranches in 10 European collateralized loan obligation (CLO) transactions. Of the ratings lowered, all were previously on CreditWatch negative, from which they have now been removed. At the same...
Companies mentioned in this report are: Mezzvest Investments I, Ltd.,Eurocredit Opportunities I PLC ,Harvest CLO III PLC,Versailles CLO M.E. I PLC,Duchess VII CLO B.V.,Malin CLO B.V.,Contego CLO I B.V.,Mezzvest Investments II, Ltd.,St. James's Park CDO B.V.
Action: General Comment
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.
|
|
|
|
