Rating On Helium Capital's Series 60 Note Lowered To 'D (sf)' Dec 11
Standard & Poors, December 2011
Abstract
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.
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.
Helium Capital Ltd.
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