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Ratings Lowered To 'D (sf)' And Withdrawn In FAXTOR HG 2007-1 Cash Flow CDO Of U.S. Structured Finance Securities Feb 12

  • ID: 2051727
  • February 2012
  • Region: United States
  • Standard & Poors
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OVERVIEW In our opinion, it is clear from its monthly reports that FAXTOR HG 2007-1 has insufficient assets to fully repay any of its noteholders. We have therefore lowered to 'D (sf)' our ratings on the deferrable class C and D notes, and affirmed our 'D (sf)' ratings on the nondeferrable class A-1M, A-2, B-1, and B-2 notes, which have previously defaulted on interest payments. We subsequently withdrew the ratings, the withdrawals to become effective after 30 days. FAXTOR HG 2007-1 is a CDO of U.S. structured finance securities that closed in May 2007. LONDON (Standard & Poor's) Feb. 7, 2012--Standard & Poor's Ratings Services today lowered to 'D (sf)' from 'CC (sf)' its credit ratings on the class C...

Companies mentioned in this report are: Faxtor HG 2007-1
Action: Affirmed
Action: Downgraded
Action: Withdrawn

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Research type: News
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Faxtor HG 2007-1

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