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Carlyle Daytona CLO Class C-2 Note Rating Corrected To 'AA+ (sf)' Feb 12
Standard & Poors, Feb 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services today corrected its rating on the class C-2 notes from Carlyle Daytona CLO Ltd. by lowering it to 'AA+ (sf)' from 'AAA (sf)' (see list). Due to an error, we did not lower our rating on the class C-2 notes, which are backed by U.S. treasury strips, to 'AA+ (sf)' when we lowered 154 other U.S. structured credit ratings on Aug. 10, 2011, after lowering of the long-term sovereign credit rating on the United States of America to 'AA+'. Today's rating action corrects this. 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...
Companies mentioned in this report are: Carlyle Daytona CLO, Ltd.
Action: Downgraded
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.
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