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Ratings On Four Japanese Synthetic CDO Tranches Raised; One Tranche Affirmed Aug 10 Product Image

Ratings On Four Japanese Synthetic CDO Tranches Raised; One Tranche Affirmed Aug 10

  • Published: August 2010
  • Region: Japan
  • Standard & Poors

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 READ MORE >

Silk Road Plus PLC,Eirles Two Ltd.

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