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Ratings Raised On Class A-1, A-2, B, And C Notes In CLO Deal BASE CLO I; Ratings Affirmed On Classes D1, D2, And E Jan 12 Product Image

Ratings Raised On Class A-1, A-2, B, And C Notes In CLO Deal BASE CLO I; Ratings Affirmed On Classes D1, D2, And E Jan 12

  • Published: January 2012
  • Standard & Poors

Abstract
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.
Action: Affirmed
Action: Upgraded

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 READ MORE >

BASE CLO I B.V.

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