|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings Unchanged In Radamantis (ELOC 24) U.K. CMBS Transaction
Standard & Poors, Dec 2007
Abstract
LONDON (Standard & Poor's) Dec. 4, 2007-Standard & Poor's Ratings Services said today that following its review of the Radamantis (European Loan Conduit No. 24) PLC transaction, there are no changes to the ratings on the notes (see list below). The review, which was based on the October 2007 servicer's report released by Morgan Stanley Mortgage Servicing Ltd., shows that the transaction's performance is stable and that no rating action is warranted at this time. Since closing, the composition of the transaction has remained unchanged, as there have been no loan prepayments and no scheduled amortization payments. The weighted-average ICR for the securitized loan pool decreased from 1.50x at cut-off to 1.44x at the October 2007 IPD. This decrease is...
Companies mentioned in this report are: Radamantis (European Loan Conduit No. 24) PLC,Morgan Stanley Bank International Limited
Action: Bulletin
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.
|
|
|
|
