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Southport CLO Ltd. Ratings Raised On Five Classes; Two Ratings Affirmed Feb 12 Product Image

Southport CLO Ltd. Ratings Raised On Five Classes; Two Ratings Affirmed Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
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: Affirmed
Action: Removed From CreditWatch
Action: Upgraded

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, READ MORE >

Southport CLO, Limited

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