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88 Ratings Lowered In 13 European CLO Transactions; $8.77 Billion Of Issuance Affected (April 1, 2010 Review) Apr 10 Product Image

88 Ratings Lowered In 13 European CLO Transactions; $8.77 Billion Of Issuance Affected (April 1, 2010 Review) Apr 10

  • ID: 1810040
  • April 2010
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Avoca CLO III PLC
  • Avoca CLO VII PLC
  • Duchess V CLO B.V.
  • Harbourmaster CLO 10 B.V.
  • Harbourmaster CLO 6 B.V.
  • Jubilee CDO VII B.V.
  • MORE

Abstract
OVERVIEW We lowered our ratings on 88 European CLO tranches. Additionally, we affirmed our ratings on three tranches. The downgrades follow the application of our updated criteria for corporate CDOs, as well as our assessment of the credit deterioration in some of the transaction portfolios. The affirmations reflect our view that the tranches have adequate credit support to maintain their current ratings under our updated criteria. LONDON (Standard & Poor's) April 1, 2010--Standard & Poor's Ratings Services today lowered its credit ratings on 88 tranches in 13 European collateralized loan obligation (CLO) transactions. Of the ratings lowered, all were previously on CreditWatch negative, from which they have now been removed. At the same time, we affirmed our ratings on three...

Companies mentioned in this report are:
- Avoca CLO III PLC
- Leopard CLO II B.V.
- ORYX European CLO B.V.
- Harbourmaster CLO 6 B.V.
- Metrix Funding No. 1 PLC
- Duchess V CLO B.V.
- Nash Point CLO
- Regent's Park CDO B.V.
- Jubilee CDO VII B.V.
- Dalradian European CLO II B.V.
- Gresham Capital CLO III B.V.
- Avoca CLO VII PLC
- Harbourmaster READ MORE >

- Avoca CLO III PLC
- Leopard CLO II B.V.
- ORYX European CLO B.V.
- Harbourmaster CLO 6 B.V.
- Metrix Funding No. 1 PLC
- Duchess V CLO B.V.
- Nash Point CLO
- Regent's Park CDO B.V.
- Jubilee CDO VII B.V.
- Dalradian European CLO II B.V.
- Gresham Capital CLO III B.V.
- Avoca CLO VII PLC
- Harbourmaster CLO 10 B.V.

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