Preliminary Ratings Assigned To Eurohypo's 10th Opera And First Irish CMBS Transaction Jan 06

Standard & Poors, January 2006

Abstract
LONDON (Standard & Poor's) Jan. 19, 2006LONDON (Standard & Poor's) Jan. 19, 2006-Standard & Poor's Ratings Services said today that it assigned its preliminary credit ratings to the -375 million commercial mortgage-backed floating-rate notes to be issued by Opera Finance (CMH) PLC, an SPE (see list below). This is a secured loan transaction of -375 million backed by 16 office and retail properties predominantly located in Dublin. This represents the first CMBS transaction to be entirely secured by Irish real estate assets, and is the 10th transaction in the Opera series to be arranged by Eurohypo AG. The full presale report for this transaction was published today and is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. The presale report...

Companies mentioned in this report are: Opera Finance (CMH) PLC,Eurohypo AG
Action: Preliminary Rating

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.

Opera Finance (CMH) PLC,Eurohypo AG

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