OVERVIEW We raised our ratings on the class A, B, C, D, and E notes issued by Symphony CLO IV Ltd. and removed them from CreditWatch with positive implications. The upgrades reflect improved performance we have observed in the deal's underlying asset portfolio since we lowered our ratings on the transaction on Oct. 23, 2009. NEW YORK (Standard & Poor's) Dec. 27, 2011--Standard & Poor's Ratings Services today raised its ratings on the class A, B, C, D, and E notes from Symphony CLO IV Ltd., a U.S. collateralized loan obligation (CLO) transaction managed by Symphony Asset Management LLC. At the same time, we removed our ratings on the upgraded notes from CreditWatch, where we placed them with positive implications...
Companies mentioned in this report are: Symphony CLO IV Ltd
Action: Removed From CreditWatch
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
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