Ratings Raised In Cash Flow CLO Transaction PDM CLO I Following Review; Rating On Class D Notes Affirmed Jan 12
- Language: English
- Published: January 2012
OVERVIEW We have reviewed the transaction's credit performance. We have raised our ratings on the class A-1, A-2, B, and C notes, and affirmed our ratings on the class D1, D2, and E notes. BASE CLO I is a static cash flow CLO transaction that securitizes loans to primarily speculative-grade corporate firms. LONDON (Standard & Poor's) Jan. 20, 2012--Standard & Poor's Ratings Services today raised its credit ratings on BASE CLO I B.V.'s class A-1, A-2, B, and C notes. At the same time, we affirmed our ratings on the class D1, D2, and E notes (see list below). Today's rating actions follow our performance review of the transaction and the application of our 2010 counterparty criteria (see "Counterparty And...
Companies mentioned in this report are: BASE CLO I B.V.
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BASE CLO I B.V.