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
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.