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Thirty-Six Japanese CDO Tranches On Watch Negative; Four On Watch Positive; Four Affirmed Apr 09 Product Image

Thirty-Six Japanese CDO Tranches On Watch Negative; Four On Watch Positive; Four Affirmed Apr 09

  • Published: April 2009
  • Region: Japan
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) April 10, 2009--Standard & Poor's Ratings Services today placed its ratings on 36 tranches relating to 27 Japanese synthetic CDO transactions on CreditWatch with negative implications, and placed its ratings on four Japanese synthetic CDO tranches on CreditWatch with positive implications (see list below). At the same time, Standard & Poor's affirmed its ratings on four tranches relating to four Japanese synthetic CDO transactions and removed them from CreditWatch with negative implications (also listed below). The 36 tranches placed on CreditWatch with negative implications had SROC (synthetic rated overcollateralization) levels that fell below 100% during our monthly run on March 31, 2009. The SROC levels of the four tranches whose ratings were affirmed and removed from...

Companies mentioned in this report are: Corsair (Jersey) No. 2 Ltd.,Eirles Two Ltd.,Helium Capital Ltd.,Momentum CDO (Europe) Ltd.,Signum Vanguard Ltd.,Hummingbird Securitisation Ltd.,Ethical CDO I (Jersey No. 1) Ltd.,Omega Capital Investments PLC,Silk Road Plus PLC
Action: On CreditWatch:Negative

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Corsair (Jersey) No. 2 Ltd.,Eirles Two Ltd.,Helium Capital Ltd.,Momentum CDO (Europe) Ltd.,Signum Vanguard Ltd.,Hummingbird Securitisation Ltd.,Ethical CDO I (Jersey No. 1) Ltd.,Omega Capital Investments PLC,Silk Road Plus PLC

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