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Bulletin: Ratings Confirmed On Dutch RMBS Transactions E-MAC 2004-I And E-MAC 2008-I Due To Nonredemption Of Put Option Notes Apr 11
Standard & Poors, April 2011
Abstract
OVERVIEW We understand that E-MAC 2004-I and E-MAC 2008-I will not be redeeming their put option notes on the first put date. Based on the current information available, we believe that the nonredemption of the put option notes, in and of itself, will not affect the current ratings on the notes. E-MAC 2004-I and E-MAC 2008-I are Dutch RMBS transactions. LONDON (Standard & Poor's) April 21, 2011--Standard & Poor's Ratings Services today confirmed its ratings in the E-MAC NL 2004-I B.V. and E-MAC Program III B.V. Compartment NL 2008-I transactions following confirmation from the issuers that funds will not be available to redeem the put option notes, which are subject to redemption on the first put date (see list below)....
Companies mentioned in this report are: E-MAC NL 2004-I B.V.,E-MAC Program III B.V. Compartment NL 2008-I
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.
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