Infiniti SPC Ltd. Kenmore Street Synthetic CDO 2006-2 Notes Lowered To 'D (sf)' Following Losses Feb 12
Standard & Poors, February 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services today lowered its rating on the notes class from Infiniti SPC Ltd.'s Kenmore Street Synthetic CDO 2006-2 to 'D (sf)' from 'CCC- (sf)' (see list). The downgrade follows a number of credit events within the underlying pool of corporate reference entities. We received final valuations on the credit events in the underlying portfolio, which indicated that losses in the portfolio had caused the notes to incur partial principal losses. STANDARD & POOR'S 17G-7 DISCLOSURE REPORT SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement...
Companies mentioned in this report are: Infiniti SPC Limited
Action: Downgraded
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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.
Infiniti SPC Limited
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