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Various Rating Actions Taken On European Synthetic CDO Tranches—March 2011 Mar 11 Product Image

Various Rating Actions Taken On European Synthetic CDO Tranches—March 2011 Mar 11

  • ID: 1782907
  • March 2011
  • Region: Europe
  • Standard & Poors

Abstract
OVERVIEW We reviewed the ratings on all European synthetic CDO transactions. We took rating actions on 12 of these European synthetic CDOs. LONDON (Standard & Poor's) March 25, 2011--Standard & Poor's Ratings Services today took credit rating actions on 12 European synthetic collateralized debt obligation (CDO) tranches. Specifically, we: Lowered and removed from CreditWatch negative our ratings on one tranche; Raised and removed from CreditWatch positive our ratings on six tranches; Removed from CreditWatch negative one tranche; and Removed from CreditWatch positive four tranches. For the full list of rating actions see "European Synthetic CDO Rating Actions At March 2011." Today's rating actions are part of our regular monthly review of synthetic CDOs. The actions incorporate, among other things, the...

Companies mentioned in this report are:
- Atlas II CDO PLC

Action: Downgraded
Action: Removed From CreditWatch
Action: Upgraded

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.

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