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LightPoint CLO VII Ltd. Ratings Raised On Two Classes; Three Ratings Affirmed Feb 12
Standard & Poors, February 2012
OVERVIEW We raised our ratings on two classes from LightPoint CLO VII Ltd. and removed them from CreditWatch with positive implications. We affirmed our ratings on three classes from the same transaction and removed two of them from CreditWatch positive. The upgrades mainly reflect an improvement in the credit profile of the assets available to support the notes since our December 2009 rating actions, when we lowered our ratings on all of the notes. NEW YORK (Standard & Poor's) Feb. 10, 2012--Standard & Poor's Ratings Services today raised its ratings on the class B and D notes from LightPoint CLO VII Ltd., a collateralized loan obligation (CLO) transaction managed by Neuberger Berman Inc., and removed them from CreditWatch with positive...
Companies mentioned in this report are: LightPoint CLO VII, Ltd.
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.
LightPoint CLO VII, Ltd.