- Language: English
- Published: August 2012
- Region: Europe
Magnolia Finance I PLC Rating Raised On Series 2005-19; Off Watch Positive
- ID: 1782882
- February 2011
- 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
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NEW YORK (Standard & Poor's) Feb. 15, 2011--Standard & Poor's Ratings Services today raised its rating on Magnolia Finance I PLC?s $9 million collateralized debt obligation referenced fixed-rate notes series 2005-19 to 'B+' from 'CCC-' and removed it from CreditWatch with positive implications. The rating on the fixed-rate notes is dependent on the lower of our ratings on (i) the interest rate and credit default swap counterparty, Credit Suisse First Boston International (A+), and (ii) the reference obligation, CSAM Funding II?s class D notes due Oct 15, 2019 ('B+ (sf)/NM'). Today's rating action follows the Feb. 8, 2011, raising of our rating on the reference obligation to 'B+ (sf)' and its removal from Creditwatch with positive implications. We may take...
Companies mentioned in this report are: Magnolia Finance I PLC