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Brentwood CLO Ltd. Ratings Raised On Four Classes; Two Ratings Affirmed Sep 11
Standard & Poors, Sep 2011
Abstract
OVERVIEW We raised our ratings on the class A-2, B, C, and D notes from Brentwood CLO Ltd. At the same time, we affirmed our ratings on the class A-1A and A-1B notes from the same transaction and removed our ratings on the class A-1A, A-1B, and A-2 notes from CreditWatch with positive implications. The upgrades mainly reflect an improvement in the performance of the transaction's underlying asset portfolio as well as an improvement in the overcollateralization available to support the notes since we downgraded all of the notes on Feb. 8, 2010, following the application of our September 2009 corporate CDO criteria. NEW YORK (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services today raised its ratings on...
Companies mentioned in this report are: Brentwood CLO Ltd
Action: Affirmed
Action: Removed From CreditWatch
Action: Upgraded
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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