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Assured Guaranty (Europe) Ltd.-Related Custodial Receipts Rating Placed On CreditWatch Negative Oct 11
Standard & Poors, Oct 2011
Abstract
NEW YORK (Standard & Poor's) Oct. 5, 2011--Standard & Poor's Ratings Services today placed its 'AA+' rating on Custody Receipts Evidencing Beneficial Ownership of -140.95 million asset-backed notes issued by Adriatica Finance S.r.l's floating-rate notes due Dec. 27, 2021, on CreditWatch with negative implications. Our rating on the custodial receipts is dependent on our rating on the guarantor, Assured Guaranty (Europe) Ltd. ('AA+/Watch Neg'). Today's rating action follows our Sept. 27, 2011, placement of our 'AA+' rating on the guarantor on CreditWatch with negative implications. We may take subsequent rating actions on the custodial receipts due to changes in our rating assigned to the guarantor. RELATED CRITERIA AND RESEARCH Assured Guaranty Ltd. Operating Companies Placed On CreditWatch Negative, published Sept....
Companies mentioned in this report are: Custody Receipts evidencing beneficial ownership of euro 140,950,000 asset-backed notes issued by Adriatica Finance S.r.l.
Action: On CreditWatch:Negative
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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