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Rating On Helium Capital's Series 60 Note Lowered To 'D (sf)' Dec 11
Standard & Poors, December 2011
TOKYO (Standard & Poor's) Dec. 14, 2011--Standard & Poor's Ratings Services today said that it has lowered to 'D (sf)' from 'CC (sf)' its rating on the note issued under Helium Capital Ltd.'s series 60 transaction. We lowered the rating on the note because the transaction's aggregate losses from credit events in the underlying reference portfolio have exceeded its available credit enhancement and a principal loss has been realized. STANDARD & POOR'S 17G-7 DISCLOSURE REPORT SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description of how they differ from...
Companies mentioned in this report are: Helium Capital Ltd.
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Research type: News
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Helium Capital Ltd.