Ratings Raised On All Classes Of Notes In Cash Flow CLO Transaction Invesco Mezzano Due To Improved Performance Oct 11
- Language: English
- Published: October 2011
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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Invesco Mezzano B.V.