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Alexandria Capital's Series 2003-3 Notes Taken Off Watch as Loss Rates Improve Oct 04
Standard & Poors, Oct 2004
Abstract
LONDON (Standard & Poor's) Oct. 1, 2004--Standard & Poor's Ratings Services said today that it removed the -8.538 million class A secured fixed-rate notes series 2003-3 issued by Alexandria Capital PLC from CreditWatch, where it had been placed with negative implications on April 5, 2004. At the same time, we affirmed the 'A' rating on them. The removal from CreditWatch and affirmation of the rating follows a lowering of the scenario loss rates at the 'A' rating level. This was enabled by the shortening of the time to maturity of the transaction and the relatively stable performance of the underlying reference portfolio of corporate entities since they were placed on CreditWatch. Alexandria Capital series 2003-3, also known as Dawnay Day...
Companies mentioned in this report are: Alexandria Capital PLC,Dresdner Bank AG
Action: Affirmed
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.
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