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Stone Tower CLO III Ltd. Ratings Raised On Eight Classes Feb 12
Standard & Poors, February 2012
OVERVIEW Stone Tower CLO III Ltd. is a CDO transaction backed by corporate loans. We raised our ratings on eight classes of notes from Stone Tower CLO III Ltd. The upgrades reflect an improvement in the credit quality of the assets in the transaction's underlying portfolio since our December 2009 rating actions. NEW YORK (Standard & Poor's) Feb. 10, 2012--Standard & Poor's Ratings Services today raised its ratings on the eight classes of notes from Stone Tower CLO III Ltd., a collateralized loan obligation (CLO) transaction backed by U.S. corporate loans and managed by Stone Tower Debt Advisors LLC (see list). The upgrades reflect an increase in the overall credit support available to the rated notes since our December 2009...
Companies mentioned in this report are: Stone Tower CLO III Ltd
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Research type: News
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Stone Tower CLO III Ltd