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Bulletin: Ratings In DSB Bank-Originated Securitizations Under Closer Monitoring After Emergency Regulation For DSB Bank Oct 09
Standard & Poors, Oct 2009
Abstract
OVERVIEW The Dutch Central Bank has requested from a Dutch court emergency regulation because of concerns over DSB Bank's short-term liquidity position. Following the court's granting of the emergency regulation, we are closely monitoring the securitizations originated and serviced by DSB Bank. The ratings in these deals are currently unaffected. LONDON (Standard & Poor's) Oct. 13, 2009--Standard & Poor's Ratings Services said today that it is currently monitoring closely all of its ratings in securitizations backed by loan portfolios that DSB Bank N.V. either originates or services. Currently, the ratings in the affected transactions remain unaffected (see transaction list below). We are focusing on these transactions after the Dutch Central Bank, De Nederlandsche Bank N.V. (DNB), requesting emergency regulation owing...
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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