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ACAS Business Loan Trust 2007-2 Ratings Lowered On Three Classes; One Rating Affirmed Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW We lowered our ratings on three classes from ACAS Business Loan Trust 2007-2. We affirmed our rating on one class from the same transaction. The downgrades reflect increased concentration risk in the transaction due to a relatively low number of loans remaining and our view that there is insufficient collateral remaining to pay the D notes in full. NEW YORK (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services today lowered its ratings on the class A, C, and D notes from ACAS Business Loan Trust 2007-2, a U.S. collateralized loan obligation (CLO) transaction managed by American Capital Ltd. At the same time, we affirmed our rating on the class B notes (see list). The downgrades of the...
Companies mentioned in this report are: ACAS Business Loan Trust 2007-2
Action: Affirmed
Action: Downgraded
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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