Ratings On Five Japanese Synthetic CDO Tranches Raised; Rating On CDS Affirmed; All Six Ratings Off CreditWatch
- Language: English
- Published: April 2011
- Region: Japan
TOKYO (Standard & Poor's) Jan. 24, 2011--Standard & Poor's Ratings Services today raised its ratings on six tranches relating to six Japanese synthetic CDO transactions, and at the same time removed the ratings from CreditWatch with positive implications (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 rating migration within reference portfolios. RELATED CRITERIA AND RESEARCH "Revised Methodologies And Assumptions For Global Synthetic CDO Surveillance," published Sept. 30, 2010. "Update To Global Methodologies And Assumptions For Corporate Cash Flow And Synthetic CDOs," published Sept. 17, 2009. "Understanding Standard & Poor's Rating Definitions," published...
Companies mentioned in this report are: Corsair (Jersey) No. 2 Ltd.,Signum Vanguard Ltd.,Silk Road Plus PLC
Action: Removed From CreditWatch
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.
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Corsair (Jersey) No. 2 Ltd.,Signum Vanguard Ltd.,Silk Road Plus PLC