- Language: English
- Published: January 2012
Four Nontraditional Structured Credit Deals Downgraded On Ambac's Role As Controlling Party Apr 10
- ID: 1783670
- April 2010
- Standard & Poors
OVERVIEW We lowered our ratings on 10 classes of notes from four U.S. corporate securitizations and removed them from CreditWatch with negative implications because of our current view of Ambac Assurance Corp., the monoline insurer and controlling party in these transactions. The lowered ratings on the five classes of corporate securitization notes issued by Local Insight Media LLC were further driven by performance deterioration. NEW YORK (Standard & Poor's) April 15, 2010--Standard & Poor's today lowered its ratings on 10 classes of notes from four U.S. corporate securitizations and removed them from CreditWatch negative because of our view of Ambac Assurance Corp. (Ambac), the monoline insurer and controlling party in these transactions (see list). The affected transactions are DB Master...
Companies mentioned in this report are: Ambac Assurance Corp.,Sonic Capital LLC,Local Insight Media Finance LLC
Action: Removed From CreditWatch
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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Ambac Assurance Corp.,Sonic Capital LLC,Local Insight Media Finance LLC