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Attentus CDO III Class A-1A, N-Star Real Estate CDO VII Class A-1 Ratings On Watch Neg; Counterparty Exposure Cited Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We placed our long-term ratings on tranches from two cash flow CDOs on CreditWatch negative following our recent negative rating actions on several large banks and bank subsidiaries. Today's rating actions affect transactions that have exposure to one or more of the banks we downgraded on Nov. 29. NEW YORK (Standard & Poor's) Dec. 27, 2011--Standard & Poor's Ratings Services today placed its ratings on the A-1A tranche from Attentus CDO III and the A-1 tranche from N-Star Real Estate CDO VII Ltd. on CreditWatch negative. Each transaction has exposure to one or more of the banks that we downgraded on Nov. 29, 2011, in connection with the application of our updated criteria for banks and financial institutions (see...
Companies mentioned in this report are: Attentus CDO III Ltd,N-Star Real Estate CDO VII 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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