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Southport CLO Ltd. Ratings Raised On Five Classes; Two Ratings Affirmed Feb 12
Standard & Poors, February 2012
OVERVIEW We raised our ratings on the class A-1, A-3, C, D, and 2 notes from Southport CLO Ltd., a cash flow CLO transaction. At the same time, we affirmed our ratings on the class A-2 and B notes. We removed our ratings on the class A-1, A-3, B, C, and D notes from CreditWatch with positive implications. The rating actions reflect the paydowns to the class A-1 and A-2 notes that improved the credit support available to the transaction. NEW YORK (Standard & Poor's) Feb. 10, 2012--Standard & Poor's Ratings Services today raised its ratings on the class A-1, A-3, C, D, and 2 notes from Southport CLO Ltd., a cash flow collateralized loan obligation (CLO) transaction managed by...
Companies mentioned in this report are: Southport CLO, Limited
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.
Southport CLO, Limited