S&P EMEA CDO Ratings Placed On CreditWatch Negative In Connection With Revised SF CDO Criteria Mar 12
- Language: English
- Published: March 2012
- Region: EMEA
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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