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Newtek Small Business Loan Trust 2010-1 Class A Rating Lowered Dec 11 Product Image

Newtek Small Business Loan Trust 2010-1 Class A Rating Lowered Dec 11

  • ID: 2031137
  • December 2011
  • Standard & Poors

Abstract
OVERVIEW We lowered our rating on one class from Newtek Small Business Loan Trust 2010-1. The downgrade reflects the deterioration in the credit performance due to rising delinquencies and an increase in our projected stress default rates in the underlying collateral since the origination of the transaction in December 2010. NEW YORK (Standard & Poor's) Dec. 12, 2011--Standard & Poor's Ratings Services today lowered its rating on class A notes to 'AA- (sf)' from 'AA (sf)' issued by Newtek Small Business Loan Trust 2010-1 (see list). The transaction is an asset-backed securitization backed by payments from small business loans that are primarily collateralized by a pool consisting of unguaranteed SBA (Small Business Association) Section 7(a) loans backed by commercial real...

Companies mentioned in this report are: Newtek Small Business Loan Trust 2010-1
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
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.

Newtek Small Business Loan Trust 2010-1

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