Ratings Lowered On Five Tranches In Four Credit-Lease Transactions After Application Of Updated Counterparty Criteria Jun 11
Standard & Poors, June 2011
Abstract
OVERVIEW Today's rating actions reflect the application of our updated counterparty criteria for structured finance transactions. As a result, we have lowered our ratings on five tranches in four Australian credit lease transactions. SYDNEY (Standard & Poor's) June 8, 2011-Standard & Poor's Ratings Services today lowered its ratings on five tranches in four Australian credit-lease transactions. At the same time, we removed them from CreditWatch with negative implications, where they were placed on Jan. 18, 2011, following the release of our updated counterparty criteria for structured finance transactions (see article titled "Counterparty And Supporting Obligations Methodology And Assumptions," published to Global Credit Portal on Dec. 6, 2010). We lowered our ratings on the tranches because: The transaction documents do not...
Companies mentioned in this report are: JEM (No. 3 Charles Street) Pty Ltd.,Mount Gambier Hospital Ltd.,Port Augusta Hospital Pty Ltd.,Steel River Trust
Action: Downgraded
Action: Removed From CreditWatch
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.
JEM (No. 3 Charles Street) Pty Ltd.,Mount Gambier Hospital Ltd.,Port Augusta Hospital Pty Ltd.,Steel River Trust
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
