Research Update: Rabobank Nederland Ratings Affirmed At 'AA/A-1+' And Removed From Watch Neg Following Sovereign Action; Outlook Negative Jan 12
- Language: English
- Published: January 2012
OVERVIEW We affirmed our 'A-1+ (sf)' rating on the CP notes from the Fox Trot CDO Ltd. transaction. The rating affirmation is based on the 'A-1+' short-term rating of Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank Nederland), a party to the liquidity agreement with Fox Trot CDO Ltd. NEW YORK (Standard & Poor's) Jan. 4, 2012--Standard & Poor's Ratings Services today affirmed its 'A-1+' rating on the commercial paper (CP) notes issued by Fox Trot CDO Ltd. Fox Trot CDO Ltd. is a cash flow collateralized debt obligation (CDO) of asset-backed securities backed mainly by senior tranches of residential mortgage-backed securities (RMBS) and other structured finance assets. The affirmation of the CP note rating is based on our review of the liquidity...
Companies mentioned in this report are: Fox Trot CDO Ltd
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Research type: News
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Fox Trot CDO Ltd