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Gale Force 1 CLO Ltd. Ratings Raised On Eight Notes Jan 12
Standard & Poors, January 2012
OVERVIEW We raised our ratings on all of the notes from Gale Force 1 CLO Ltd, a U.S. collateralized loan obligation (CLO) transaction. Simultaneously, we removed our ratings on the class B1, B2, C, D1, D2, and E from CreditWatch with positive implications. The upgrades reflect the likelihood that the class A1 and A2 notes will start to receive paydowns following the recent end of the transaction's reinvestment period and the improved performance in the deal's underlying asset portfolio since we lowered our ratings in January 2010. NEW YORK (Standard & Poor's) Jan. 30, 2012--Standard & Poor's Ratings Services today raised its ratings on the class A1, A2, B1, B2, C, D1, D2, and E notes from Gale Force 1...
Companies mentioned in this report are: Gale Force 1 CLO Ltd
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
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Gale Force 1 CLO Ltd