Various Rating Actions Taken On All Classes Of Notes In Cash Flow CLO Transaction Cairn CLO I Mar 12
- ID: 2084658
- March 2012
- Standard & Poors
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.
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