• SELECT SITE CURRENCY
Select a currency for use throughout the site
S&P Corrects Its Rating On Signum Finance II's Series 2006-12 European CDO Notes
Standard & Poors, June 2010
OVERVIEW This was a point-in-time rating, so it should have been set to 'NR' on the day it was rated. We have thus withdrawn the rating to correct this error. LONDON (Standard & Poor's) June 28, 2010--Standard & Poor's Ratings Services today removed from CreditWatch negative its 'A' credit rating on Signum Finance II PLC's -30 million secured medium-term credit-linked notes series 2006-12. We then withdrew the rating (see list below). Since this was a point-in-time rating, it should have been set to 'NR' (not rated) on the day it was rated. We have been maintaining a rating on this transaction in error. This also means we incorrectly assigned the CreditWatch negative placement on Sept. 17, 2009 (see "Related Criteria...
Companies mentioned in this report are: Signum Finance II PLC
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.
Signum Finance II PLC