|
|
 |
|
Viewing report
|
|
|
|
Arlo III Ltd. 2005 Saint James Note Rating Lowered Following Principal Losses Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 16, 2011--Standard & Poor's Ratings Services today lowered its rating on the notes issued by Arlo III Ltd. Series 2005 (Saint James) to 'D (sf)' from 'CCC- (sf)'. The downgrade follows a number of write-downs in the transaction's underlying reference portfolio that caused the notes to incur principal losses. 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 the representations, warranties and enforcement mechanisms in issuances of similar securities. The Rule applies...
Companies mentioned in this report are: Arlo III 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.
|
|
|
|
