LNR CDO 2002-1 Ltd. Ratings Lowered On Seven Classes; Five Ratings Affirmed Jun 11
- ID: 2053083
- June 2011
- Standard & Poors
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: Removed From CreditWatch
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Research type: News
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