Ratings Lowered On Cash Flow CLO Invesco Mezzano's Class B, C Notes Due To Credit Deterioration; Other Classes Affirmed Jan 13
- Language: English
- Published: January 2013
Standard & Poor's Ratings Services today raised its credit ratings on all rated classes of notes in Invesco Mezzano B.V. Specifically, we have raised our ratings on: Class A to 'A+ (sf)' from 'A (sf)'; Class B to 'A (sf)' from 'BBB+ (sf)'; Class C to 'BBB- (sf)' from 'BB+ (sf)'; Class D to 'BB+ (sf)' from 'BB- (sf)'; and Class E to 'B+ (sf)' from 'CCC (sf)'. The rating actions follow our assessment of the transaction's performance using data from the latest available trustee report, dated Aug. 31, 2011, as well as a cash flow analysis. We have taken into account recent developments in the transaction and reviewed the transaction under our 2010 counterparty criteria (see "Counterparty And Supporting...
Companies mentioned in this report are: Invesco Mezzano B.V.
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Research Type: Full Analysis
Invesco Mezzano B.V.