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Ratings On Five European CDOs Placed On CreditWatch Negative Following CreditWatch Placement On Greece Product Image

Ratings On Five European CDOs Placed On CreditWatch Negative Following CreditWatch Placement On Greece

  • ID: 1784299
  • December 2010
  • Region: Europe, Greece
  • Standard & Poors

Abstract
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.
Action: Affirmed

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.

Aeolos S.A.,Ariadne S.A.,Signum Finance II PLC,New Economy Development Fund S.A.

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