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Ratings Raised On Gresham Capital CLO II's VFN And Class A, B, C, And D Notes; Rating Affirmed On Class E Notes May 11
Standard & Poors, May 2011
OVERVIEW We have observed an improvement in Gresham Capital CLO II's performance metrics since our last review in May 2010. We have also applied our updated counterparty criteria, which became effective in January 2011. Following our analysis, we have raised the ratings on the VFN and class A, B, C, and D notes. We have also affirmed our rating on the class E notes. Gresham Capital CLO II is a cash flow CLO transaction that securitizes primarily loans to speculative-grade corporate firms. LONDON (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services today raised its credit ratings on Gresham Capital CLO II B.V.'s VFN and class A, B, C, and D notes. At the same time, we affirmed our...
Companies mentioned in this report are: Gresham Capital CLO II B.V.
Action: New Rating
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Research type: News
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Gresham Capital CLO II B.V.