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Ratings Raised On All Classes Of Notes In Cash Flow CLO Transaction Wood Street CLO I Jan 12 Product Image

Ratings Raised On All Classes Of Notes In Cash Flow CLO Transaction Wood Street CLO I Jan 12

  • Published: January 2012
  • Standard & Poors

Abstract
OVERVIEW We have observed an increase in the credit enhancement available for all the rated notes, and an overall improvement in the credit quality of the portfolio. We have therefore raised our ratings on all classes of notes. Wood Street CLO I is a cash flow CLO transaction that securitizes loans to primarily speculative-grade corporate firms. LONDON (Standard & Poor's) Jan. 27, 2012--Standard & Poor's Ratings Services today raised its credit ratings on Wood Street CLO I B.V.'s class A, B, C, D1, D2, and E notes (see list below). Today's rating actions follow our assessment of the transaction's performance--using data from the latest available trustee report dated Dec. 20, 2011--and a cash flow analysis. We have taken into account...

Companies mentioned in this report are:
- Wood Street CLO I B.V.

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 READ MORE >

- Wood Street CLO I B.V.

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