March 2012 European CDO Of ABS Performance Index Report: Decrease In Senior OC Ratio Cushions And Defaulted Assets Signal Mixed Performance Aug 12
- Language: English
- Published: August 2012
- Region: Europe
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
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Faxtor HG 2007-1