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8 Cedarwoods CRE CDO II Ratings Placed On Watch Negative After EOD, Liquidation, Interpleader Complaint Notices Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We placed eight ratings on CreditWatch negative from Cedarwoods CRE CDO II Ltd., a commercial real estate collateralized debt obligation transaction. The CreditWatch placements follow the receipt of notices from the trustee indicating an EOD, the intent to liquidate the collateral, and a subsequent written objection and interpleader complaint. NEW YORK (Standard & Poor's) Dec. 15, 2011--Standard & Poor's placed its ratings on CreditWatch with negative implications on eight classes from Cedarwoods CRE CDO II Ltd. (Cedarwoods II), a commercial real estate collateralized debt obligation (CRE CDO) transaction (see list). The CreditWatch placements follow the receipt of notices from the trustee indicating an EOD, the intent to liquidate the collateral, and a subsequent written objection and intent to file...
Companies mentioned in this report are: Cedarwoods CRE CDO II, Ltd.
Action: On CreditWatch:Negative
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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