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Ratings On Helium Capital Series 74 And Argon Capital Series 104 And 105 Lowered Dec 11

  • ID: 2028817
  • December 2011
  • Standard & Poors
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  • Argon Capital PLC
  • Helium Capital Ltd.
  • MORE

TOKYO (Standard & Poor's) Dec. 5, 2011--Standard & Poor's Ratings Services today said that it has lowered to 'AA-' from 'AA' its rating on the notes issued under Helium Capital Ltd.'s series 74 transaction, and to 'AA-pNRi' from 'AApNRi' its ratings on the notes issued under Argon Capital PLC's series 104 and 105 transactions (see list below). The ratings on all three transactions are linked to the ratings on the transactions' collateral bonds, which are zero-coupon bonds. We today downgraded the above three transactions because we lowered to 'AA-' from 'AA' our ratings on the zero-coupon bonds on Dec. 1, 2011. RELATED CRITERIA AND RESEARCH "Global Structured Finance Scenario And Sensitivity Analysis: The Effects Of The Top Five Macroeconomic Factors,"...

Companies mentioned in this report are:
- Helium Capital Ltd.
- Argon Capital PLC

Action: Downgraded

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
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- Helium Capital Ltd.
- Argon Capital PLC

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