Bulletin: Ratings Unchanged In U.K. CMBS Transaction DRACO (ECLIPSE 2005-4) PLC After Review Jul 07
- ID: 2029973
- July 2007
- Region: United Kingdom, Great Britain
- Standard & Poors
LONDON (Standard & Poor's) July 9, 2007Standard & Poor's Ratings Services said today that following a review of the DRACO (ECLIPSE 2005-4) PLC transaction based on data provided by the servicer, Barclays Capital Mortgage Servicing Ltd., up to and including April 2007, there are no changes to the ratings on the notes (see list below). "Our review shows that the transaction's performance is stable and that no rating action is warranted at this time," said credit analyst Esther Robinson Wild. The transaction was originated by Barclays Bank PLC and closed in December 2005. It was the fourth CMBS transaction to be launched by Barclays under its ECLIPSE conduit program. The notes were backed by five loans secured on 36 diverse...
Companies mentioned in this report are:
- DRACO (ECLIPSE 2005-4) PLC
- Barclays Bank PLC
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.