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Ratings Lowered On Anderson Valley II CDO's Class S-1, A-1, B-1, C-1, And D-1 Notes Product Image

Ratings Lowered On Anderson Valley II CDO's Class S-1, A-1, B-1, C-1, And D-1 Notes

  • ID: 1782793
  • October 2010
  • Standard & Poors

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.

Abstract
OVERVIEW We have reviewed Anderson Valley II, taking into account developments in the transaction that we have observed in recent months. We have lowered our ratings on five classes. Anderson Valley II is a cash flow CDOs with a portfolio of primarily investment-grade corporate and sovereign entities. LONDON (Standard & Poor's) Oct. 15, 2010--Standard & Poor's Ratings Services today lowered its credit ratings on five classes of notes issued by Anderson Valley II CDO PLC (see list below). Today's rating actions follow developments that we have observed since we last took rating action on the transaction in January 2010. In particular, all outstanding credit events in the reference portfolio have now been settled, allowing us to better assess the impact...

Companies mentioned in this report are: Anderson Valley II CDO PLC
Action: Downgraded

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