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Twenty-Five Japanese Synthetic CDO Tranches On Watch Negative; Four Tranches Affirmed Nov 08 Product Image

Twenty-Five Japanese Synthetic CDO Tranches On Watch Negative; Four Tranches Affirmed Nov 08

  • Published: November 2008
  • Standard & Poors

FEATURED COMPANIES

  • Andante Ltd.
  • Eirles Two Ltd.
  • ELM B.V.
  • Helium Capital Ltd.
  • Signum Vanguard Ltd.
  • Silk Road Plus PLC
  • MORE

Abstract
TOKYO (Standard & Poor's) Nov. 14, 2008--Standard & Poor's Ratings Services said today that it had placed its ratings on 25 tranches relating to 20 Japanese synthetic CDO transactions on CreditWatch with negative implications (see list below). At the same time, Standard & Poor's affirmed its ratings on four tranches relating to three Japanese synthetic CDO transactions and removed them from CreditWatch with negative implications (also listed below). The 25 tranches that have been placed on CreditWatch with negative implications had SROC (synthetic rated overcollateralization) levels that fell below 100% during our monthly run on Nov. 7. The ratings on the other four tranches have been affirmed and removed from CreditWatch with negative implications because their SROC levels have recovered...

Companies mentioned in this report are:
- Andante Ltd.
- Eirles Two Ltd.
- Skylark Ltd.
- Corsair (Jersey) No. 2 Ltd.
- Helium Capital Ltd.
- Momentum CDO (Europe) Ltd.
- Signum Vanguard Ltd.
- ELM B.V.
- Silk Road Plus PLC

Action: On CreditWatch:Negative

Standard and Poors RatingsXpress Credit Research provides in-depth coverage READ MORE >

- Andante Ltd.
- Eirles Two Ltd.
- Skylark Ltd.
- Corsair (Jersey) No. 2 Ltd.
- Helium Capital Ltd.
- Momentum CDO (Europe) Ltd.
- Signum Vanguard Ltd.
- ELM B.V.
- Silk Road Plus PLC

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