- Language: English
- Published: June 2012
- Region: Europe
Ratings Lowered To 'D (sf)' On Three U.S. Synthetic CDOs After Review Dec 11
- ID: 2034027
- December 2011
- Region: United States
- Standard & Poors
NEW YORK (Standard & Poor's) Dec. 16, 2011--Standard & Poor's Ratings Services today lowered its ratings on one tranche from one corporate-backed synthetic collateralized debt obligation (CDO) transaction, and four tranches from two synthetic CDO transactions backed by commercial mortgage-backed securities (CMBS) to 'D (sf)' (see list). We lowered our ratings to 'D (sf)' on tranches that either experienced principal losses or that we expect not to receive their full principal back at maturity. 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...
Companies mentioned in this report are:
- Heartland Funding PLC
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Research type: News
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