Three MKP CBO II Ltd. Ratings Lowered To 'D (sf)'; One Rating Withdrawn Sep 11
- ID: 1922597
- September 2011
- Standard & Poors
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
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