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Three MKP CBO II Ltd. Ratings Lowered To 'D (sf)'; One Rating Withdrawn Sep 11 Product Image

Three MKP CBO II Ltd. Ratings Lowered To 'D (sf)'; One Rating Withdrawn Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
OVERVIEW We lowered our ratings on the class A-2, B, C-1, and C-2 notes from MKP CBO II Ltd. to 'D (sf)'. At the same time, we withdrew our rating on the class A-1 note following its complete paydown. The downgrades reflect nonpayment of the outstanding principal balances on the transaction's final payment date. NEW YORK (Standard & Poor's) Sept. 20, 2011--Standard & Poor's Ratings Services today lowered its ratings on the class A-2, B, C-1, and C-2 notes from MKP CBO II Ltd., a cash flow mezzanine collateral debt obligation, to 'D (sf)' from 'CC (see list). The withdrawal follows the complete paydown of the class A-1 notes on the final payment date, Aug. 15, 2011. The lowered ratings...

Companies mentioned in this report are: MKP CBO II Ltd
Action: Downgraded
Action: Withdrawn

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 READ MORE >

MKP CBO II Ltd

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