Various Rating Actions Taken On U.S. Synthetic CDOs After January 2011 Month-End Review Feb 11
Standard & Poors, February 2011
Abstract
OVERVIEW We placed our ratings on 20 tranches from 20 synthetic CDO transactions on CreditWatch positive. We placed our ratings on 12 tranches from nine synthetic CDO transactions on CreditWatch negative. We affirmed our ratings on four tranches from four synthetic CDOs and removed three of them from CreditWatch negative. NEW YORK (Standard & Poor's) Feb. 24, 2011--Standard & Poor's Ratings Services today placed its ratings on 20 tranches from 20 corporate-backed synthetic collateralized debt obligation (CDO) transactions on CreditWatch positive. At the same time, we placed our ratings on three tranches from two corporate-backed synthetic CDO transactions and eight tranches from six synthetic CDO transactions backed by commercial mortgage-backed securities (CMBS) on CreditWatch negative. In addition, we placed our...
Companies mentioned in this report are: Aphex Capital NSCR 2006-2 Ltd,Jupiter Finance Ltd.,STARTS (Cayman) Ltd.,North Street Referenced Linked Notes, 2003-5 Limited,Corsair (Jersey) No. 4 Ltd.,Morgan Stanley ACES SPC,Iridal Public Limited Company,North Street Referenced Linked Notes 2005-9 Limited,Seawall SPC,STEERS Credit Linked Trust, Bespoke Credit Tranche Series 2005-6,Infiniti SPC Limited,Athenee CDO PLC,Credit Default Swap,SPGS SPC, acting for the account of MSC 2006-SRR2 Segregated Portfolio,Calculus CMBS Resecuritization Trust Series 2006-8,Calculus CMBS Resecuritization Trust Series 2006-9,Newport Waves CDO
Action: Affirmed
Action: On CreditWatch:Negative
Action: On CreditWatch:Positive
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.
Aphex Capital NSCR 2006-2 Ltd,Jupiter Finance Ltd.,STARTS (Cayman) Ltd.,North Street Referenced Linked Notes, 2003-5 Limited,Corsair (Jersey) No. 4 Ltd.,Morgan Stanley ACES SPC,Iridal Public Limited Company,North Street Referenced Linked Notes 2005-9 Limited,Seawall SPC,STEERS Credit Linked Trust, Bespoke Credit Tranche Series 2005-6,Infiniti SPC Limited,Athenee CDO PLC,Credit Default Swap,SPGS SPC, acting for the account of MSC 2006-SRR2 Segregated Portfolio,Calculus CMBS Resecuritization Trust Series 2006-8,Calculus CMBS Resecuritization Trust Series 2006-9,Newport Waves CDO
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
