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25 Ratings On 14 CDOs Of Structured Finance Transactions Placed On Watch Negative May 11
Standard & Poors, May 2011
Abstract
OVERVIEW We placed our ratings on 25 tranches from 14 CDOs of structured finance transactions on CreditWatch with negative implications. The affected classes represent an aggregate original issuance amount of approximately $6.751 billion. The rating actions follow the CreditWatch negative placements taken on the RMBS that collateralize the CDO notes. NEW YORK (Standard & Poor's) May 25, 2011--Standard & Poor's Ratings Services today placed its ratings on 25 classes from 14 U.S. cash flow and hybrid collateralized debt obligation (CDO) of structured finance transactions on CreditWatch with negative implications (see list). The affected classes represent an aggregate original issuance amount of approximately $6.751 billion. Standard & Poor's placed these CDO ratings on CreditWatch negative following a review of CDO transactions...
Companies mentioned in this report are: Triaxx Prime CDO 2006-2, Ltd.,Trainer Wortham First Republic CBO III, Ltd.,TIAA Structured Finance CDO II, Limited,Coronado CDO Ltd.,Putnam Structured Product Funding 2003-1 Ltd.,Laguna ABS CDO Ltd,Margate Funding I Ltd,Davis Square Funding IV Ltd,CAMBER 3 plc,Capella Funding, Ltd.,Davis Square Funding V Ltd,Davis Square Funding VII, Ltd.,Altius III Fdg Ltd.,Barrington II CDO Ltd
Action: On CreditWatch:Negative
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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