• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
LNR CDO 2002-1 Ltd. Ratings Lowered On Seven Classes; Five Ratings Affirmed Jun 11 Product Image

LNR CDO 2002-1 Ltd. Ratings Lowered On Seven Classes; Five Ratings Affirmed Jun 11

  • ID: 2053083
  • June 2011
  • Standard & Poors

Abstract
OVERVIEW We lowered our rating on the class B, C, D-FL, D-FX, E-FL, E-FX, and E-FXD notes from LNR CDO 2002-1 Ltd. and removed them from CreditWatch with negative implications. At the same time, we affirmed our ratings on the class A, F-FL, F-FX, G, and H notes from the same transaction and removed the rating on class A from CreditWatch with negative implications. The downgrades reflect deterioration we have observed in the deal's underlying asset portfolio since we lowered our ratings on the notes in October 2010. NEW YORK (Standard & Poor's) June 30, 2011--Standard & Poor's Ratings Services today lowered its ratings on the class B, C, D-FL, D-FX, E-FL, E-FX, and E-FXD notes from LNR CDO 2002-1...

Companies mentioned in this report are: LNR CDO 2002-1 Ltd
Action: Downgraded
Action: Removed From CreditWatch

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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown

RELATED PRODUCTS