Ratings on Four Repon Transactions Lowered After Defaults of Reference Entities Mar 02
- ID: 2031891
- March 2002
- Standard & Poors
LONDON (Standard & Poor's) March 8, 2002--Standard & Poor's said today it lowered its ratings on several classes of notes issued by Deutsche Bank AG (AA/Stable/A-1+) under its Repon 14, 15, 16, and 17 securitizations following an increase in the expected default rate of each reference pool at all rating levels. At the same time, the ratings on two classes of notes and a senior credit default swap were affirmed (see list below). "The increased default rates were caused by a deterioration in the credit quality of the respective reference portfolios, reflected in the negative migration of ratings within the portfolios and the default of at least one reference entity in each case," said Stuart Nelson, a credit analyst at...
Companies mentioned in this report are:
- Deutsche Bank AG
Action: Various Rating Actions
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Research type: News
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