NYLIM Flatiron CLO 2006-1 Ltd. Ratings Raised On Three Classes; Four Ratings Affirmed Jan 12
- ID: 2043100
- January 2012
- Standard & Poors
OVERVIEW NYLIM Flatiron CLO 2006-1 Ltd. is a CLO transaction backed by corporate loans. We raised our ratings on three classes of notes from NYLIM Flatiron CLO 2006-1 Ltd. and removed two of them from CreditWatch with positive implications. We affirmed our rating on four classes of notes. The upgrades reflect an improvement in the credit quality of the assets in the transaction's underlying portfolio since our rating actions in November 2009. The affirmations reflect credit quality commensurate with the current ratings. NEW YORK (Standard & Poor's) Jan. 23, 2012--Standard & Poor's Ratings Services today raised its ratings on three classes of notes from NYLIM Flatiron CLO 2006-1 Ltd., a collateralized loan obligation (CLO) transaction backed by corporate loans and...
Companies mentioned in this report are: NYLIM Flatiron CLO 2006-1 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
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.