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17 Ratings Withdrawn On Four U.S. CDO Transactions Following Note Paydowns Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We withdrew 17 ratings on four U.S. CDOs. Today's rating withdrawals follow the complete paydown of the notes on their most recent payment dates. NEW YORK (Standard & Poor's) Dec. 5, 2011--Standard & Poor's Ratings Services today withdrew its ratings on 17 classes of notes from four U.S. collateralized debt obligation (CDO) transactions (see list). Today's rating withdrawals follow the complete paydown of the notes on their most recent payment dates. Centurion CDO VI Ltd. is a collateralized loan obligation (CLO). The transaction paid the class A, B-1, B-2, C, D-1, D-2, and D-3 notes down in full following a notice of optional redemption. The Oct. 21, 2011, notice indicated that a supermajority of the preference shares had directed...
Companies mentioned in this report are: Centurion CDO VI, Ltd.,Trapeza CDO II, LLC,Endeavor Funding Ltd.,Foley Square CDO 2007-1 Ltd.
Action: Withdrawn
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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