- Language: English
- Published: December 2012
- Region: Europe
Ratings Lowered In CDO Of European CMBS Transaction Glastonbury Finance 2007-1 Due To Defaults In The Portfolio
- ID: 1784955
- May 2011
- Region: Europe
- Standard & Poors
OVERVIEW We have observed defaults in Glastonbury Finance 2007-1's underlying portfolio. We have also applied our updated counterparty criteria to this transaction. Following a review, we have lowered our ratings on the class A-1, A-2, B, C, D, E, and F notes and removed our rating on class A-2 from CreditWatch negative. Glastonbury Finance 2007-1 is a CDO of European CMBS, managed by Palatium Investment Management. LONDON (Standard & Poor's) May 11, 2011--Standard & Poor's Ratings Services today lowered its credit ratings on Glastonbury Finance 2007-1 PLC's class A-1, A-2, B, C, D, E, and F notes. At the same time, we removed our rating on the class A-2 notes from CreditWatch negative. The ratings on the classes X and...
Companies mentioned in this report are: Glastonbury Finance 2007-1 PLC
Action: New Rating
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Research type: News
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Glastonbury Finance 2007-1 PLC