OVERVIEW On Dec. 2, we took rating action on the Hellenic Republic. The Hellenic Republic is the underlying collateral or guarantor to which these transactions are credit-linked. We have thus placed the ratings on five European CDO transactions on CreditWatch negative. LONDON (Standard & Poor's) Dec. 8, 2010--Standard & Poor's Ratings Services today placed on CreditWatch negative its credit ratings on five European collateralized debt obligations (CDOs) (see list below). Today's rating actions follow our recent rating action on the underlying collateral, the Hellenic Republic, to which these transactions are credit-linked. On Dec. 2, we placed our 'BB+' long-term sovereign rating on the Hellenic Republic on CreditWatch negative. Therefore, we have placed the ratings on these five transactions on CreditWatch...
Companies mentioned in this report are: Aeolos S.A.,Ariadne S.A.,Signum Finance II PLC,New Economy Development Fund S.A.
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