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Various Rating Actions Taken On European Synthetic CDO Tranches—May 2008 May 08 Product Image

Various Rating Actions Taken On European Synthetic CDO Tranches—May 2008 May 08

  • Published: May 2008
  • Region: Europe
  • Standard & Poors


  • Aphex Capital PLC
  • Arosa Funding Ltd.
  • Cerigo Capital Ltd.
  • Coriolanus Ltd.
  • Heartland Funding PLC
  • Lunar Funding V PLC
  • MORE

LONDON (Standard & Poor's) May 29, 2008Standard & Poor's Ratings Services said today that it has taken credit rating actions on 153 European synthetic collateralized debt obligation (CDO) tranches (see list below). Specifically, the ratings on: 122 tranches were removed from CreditWatch with negative implications and lowered; One tranche was lowered; One tranche was lowered and placed on CreditWatch negative; 28 tranches were lowered and remain on CreditWatch negative; One tranche was raised. Of the 152 tranches lowered: 39 reference U.S. residential mortgage-backed mortgages (RMBS) and U.S. CDOs that are exposed to U.S. RMBS, which have experienced recent negative rating actions; and 113 have experienced corporate downgrades in their portfolios. Rating Action Summary...

Action: CreditWatch Update
Action: Downgraded
Action: On CreditWatch:Negative
Action: Removed From CreditWatch
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 READ MORE >

- Natixis S.A.
- The Royal Bank of Scotland N.V.
- SGA Societe Generale Acceptance N.V.
- Lehman Brothers Treasury Co. B.V.
- Eirles Two Ltd.
- Argon Capital PLC
- Coriolanus Ltd.
- ARLO Ltd.
- Corsair (Jersey) No. 2 Ltd.
- Herald Ltd.
- Xelo PLC
- Saphir Finance PLC
- Momentum CDO (Europe) Ltd.
- Arosa Funding Ltd.
- Rheinwest Credit Management
- Corsair Finance (Ireland) No. 6 Ltd.
- Salisbury International Investments Ltd.
- Cloverie PLC
- Chiswell Street Finance Ltd.
- Aphex Capital PLC
- Astir B.V.
- Ocelot CDO I PLC
- Lunar Funding V PLC
- Rente Plus Co. Ltd.
- Omega Capital Investments PLC
- Omega Capital Europe PLC
- Starling Finance PLC
- C.L.E.A.R. PLC
- Khamsin Credit Products (Netherlands) II B.V.
- Linker Finance PLC
- Claris III Ltd.
- Fermat Ltd.
- Heartland Funding PLC
- Cerigo Capital Ltd.
- Asset Repackaging Trust Six B.V.

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