Long Grove CLO Ltd. Rating Raised On One Class; Three Ratings Affirmed Jan 12
Standard & Poors, January 2012
Abstract
OVERVIEW We raised our rating on the class B notes from Long Grove CLO Ltd. and removed it from CreditWatch with positive implications. We affirmed our ratings on three classes from the same transaction and removed two of them from CreditWatch positive. The upgrade mainly reflects an improvement in the overcollateralization available to support the notes since our February 2011 rating actions, when we raised the ratings on three of the notes. NEW YORK (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services today raised its ratings on the class B notes from Long Grove CLO Ltd., a collateralized loan obligation (CLO) transaction managed by Deerfield Capital Management LLC, and removed it from CreditWatch with positive implications. At the...
Companies mentioned in this report are: Long Grove CLO Ltd.
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 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.
Long Grove CLO Ltd.
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