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Various Rating Actions Taken On All Classes Of Notes In Cash Flow CLO Transaction Cairn CLO I Mar 12 Product Image

Various Rating Actions Taken On All Classes Of Notes In Cash Flow CLO Transaction Cairn CLO I Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
OVERVIEW We have assessed the performance of Cairn CLO I by applying our 2010 counterparty criteria and conducting credit and cash flow analyses. Following our review and analysis of the transaction's performance, we have raised our ratings on the class A-4, B, C, and D notes. We have also affirmed our ratings on the class A-1-VFN, A-2, A-3, and E notes. Cairn CLO I is a cash flow CLO transaction that securitizes loans to primarily speculative-grade corporate firms. LONDON (Standard & Poor's) March 7, 2012--Standard & Poor's Ratings Services today raised its credit ratings on Cairn CLO I B.V.'s class A-4, B, C, and D notes. At the same time, we affirmed our ratings on the class A-1-VFN, A-2, A-3,...

Companies mentioned in this report are:
- Cairn CLO I B.V.

Action: Affirmed
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 >

- Cairn CLO I B.V.

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