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Bulletin: Ratings Remain Unchanged In DSB Bank-Originated Securitizations Nov 09
Standard & Poors, Nov 2009
Abstract
OVERVIEW Following discussions with DSB Bank, its bankruptcy receiver, and trustees involved in the transactions referenced in our Oct. 13 publication, all the ratings in securitizations backed by loan portfolios originated or serviced by DSB Bank remain unchanged. LONDON (Standard & Poor's) Nov. 24, 2009--Following discussions with DSB Bank, its bankruptcy receiver, and relevant trustees, Standard & Poor's Ratings Services said today that all of its ratings remain unchanged in securitizations backed by loan portfolios that DSB Bank N.V. either originates or services (see transaction list below). The DSB bankruptcy receiver reports that it has entered into a 'post bankruptcy agreement' with all the issuers in the relevant deals. Under this agreement, the receiver has reportedly agreed to continue servicing...
Companies mentioned in this report are: Monastery 2004-I B.V.,Chapel 2003-I B.V.,Monastery 2006-I B.V.,Chapel 2007 B.V.
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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