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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

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

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Research type: News
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Newtek Small Business Loan Trust 2010-1

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