Ratings On Four Japanese Synthetic CDO Tranches Raised; One Tranche Affirmed Aug 10
Standard & Poors, August 2010
Abstract
TOKYO (Standard & Poor's) Aug. 24 2010--Standard & Poor's Ratings Services today raised its ratings on Silk Road Plus PLC series 13, 14, 15, and 16 limited recourse secured fixed rate credit-linked notes, and at the same time removed the ratings from CreditWatch with positive implications, where they were placed on Aug. 10, 2010 (see list below). In addition, Standard & Poor's affirmed its rating on Eirles Two Ltd. TAPAS 2004-4 credit default swap and removed the rating from CreditWatch with negative implications (also listed below). Today's rating actions are part of our regular monthly review of synthetic CDOs whose ratings have been placed on CreditWatch with positive or negative implications. These actions incorporate, among other things, the effect of...
Companies mentioned in this report are: Silk Road Plus PLC,Eirles Two Ltd.
Action: Upgraded
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.
Silk Road Plus PLC,Eirles Two Ltd.
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