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Ansonia CDO 2007-1 Ltd. Ratings Lowered On Five Classes
Standard & Poors, May 2011
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 lowered our ratings on five classes from Ansonia CDO 2007-1 Ltd., a U.S. CRE CDO transaction. The downgrades reflect our analysis of the interest shortfalls affecting the transaction, which triggered an event of default. We lowered three of the ratings to 'D (sf)' due to interest shortfalls on nondeferrable classes. We affirmed our 'CCC- (sf)' ratings on 12 other classes from the same transaction. NEW YORK (Standard & Poor's) May 6, 2011--Standard & Poor's Ratings Services today lowered its ratings on five classes from Ansonia CDO 2007-1 Ltd., a commercial real estate collateralized debt obligation (CRE CDO) transaction. At the same time, we affirmed our 'CCC- (sf)' ratings on 12 classes from the same transaction (see list). The...
Companies mentioned in this report are: Ansonia CDO 2007-1 Ltd
Action: Downgraded
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