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

  • ID: 2045283
  • May 2008
  • Region: Europe
  • Standard & Poors
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  • Argon Capital PLC
  • C.L.E.A.R. PLC
  • Claris III Ltd.
  • Cloverie PLC
  • Eirles Two Ltd.
  • Lunar Funding V PLC
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Abstract
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...

Companies mentioned in this report are:
- 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
- Xelo PLC
- Momentum CDO (Europe) Ltd.
- Cloverie PLC
- Lunar Funding V PLC
- Omega Capital Investments PLC
- Starling Finance PLC
- C.L.E.A.R. READ MORE >

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- 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
- Xelo PLC
- Momentum CDO (Europe) Ltd.
- Cloverie PLC
- Lunar Funding V PLC
- Omega Capital Investments PLC
- Starling Finance PLC
- C.L.E.A.R. PLC
- Khamsin Credit Products (Netherlands) II B.V.
- Claris III Ltd.
- Asset Repackaging Trust Six B.V.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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