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270 European Structured Finance Tranches Placed On CreditWatch Negative After Eurozone Sovereign CreditWatch Placements Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW On Dec. 5, 2011, we placed on CreditWatch negative our sovereign ratings on 15 members of the eurozone. Consequently, we have placed on CreditWatch negative our ratings on 270 tranches in 201 European structured finance transactions. This is due to either a direct ratings link we consider to exist with the sovereign ratings placed on CreditWatch negative, or because the current ratings on the tranches are higher than the maximum structured finance ratings we would assign under our criteria if the sovereign ratings were lowered by up to two notches. LONDON (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services today placed on CreditWatch negative its credit ratings on 270 tranches in 201 European structured finance transactions. Today's...
Companies mentioned in this report are: Nepri Finance S.r.l.
Action: On CreditWatch:Negative
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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