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Bulletin: Ratings Unchanged In DECO Series 2005-Pan Europe 1 After Review Mar 07
Standard & Poors, March 2007
Abstract
LONDON (Standard & Poor's) March 16, 2007-Standard & Poor's Ratings Services said today that following a review of the DECO Series 2005-Pan Europe 1 PLC transaction based on the January 2007 investor report released by the servicer, the London branch of Deutsche Bank AG (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 Christina Pries. The transaction closed in August 2005, and was originated by the London branch of Deutsche Bank. The -897.066 million notes were backed by seven loans secured by 49 commercial properties in Switzerland and Germany. The last loan matures on July 20, 2012 and the legal maturity date of the...
Companies mentioned in this report are: DECO Series 2005-Pan Europe 1 PLC,Deutsche Bank AG
Action: Bulletin
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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