• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Hedged Mutual Fund Fee Trust Ratings Lowered On Two Transactions, Four Ratings Raised, And One Affirmed Mar 12 Product Image

Hedged Mutual Fund Fee Trust Ratings Lowered On Two Transactions, Four Ratings Raised, And One Affirmed Mar 12

  • ID: 2087625
  • March 2012
  • Standard & Poors

Abstract
OVERVIEW We reviewed seven Hedged Mutual Fund Fee Trust securitizations backed by 12b-1 fees on mutual funds and contingent deferred sales charges. We lowered our ratings on the notes from series 2006-4 and 2007-1 and removed our rating on series 2007-1 from CreditWatch with negative implications. We raised our ratings on the notes from series 2005-1, 2006-1, 2006-2, and 2006-3 and removed our rating on series 2005-1 from CreditWatch with positive implications. We affirmed our rating on the notes from series 2005-3. The downgrades reflect higher default frequencies and a steeper decline in net asset value for the 2007-1 series. NEW YORK (Standard & Poor's) March 15, 2012--Standard & Poor's Ratings Services today lowered its ratings on the notes from...

Companies mentioned in this report are: Hedged Mutual Fund Fee Trust 2006-4,Hedged Mutual Fund Fee Trust 2005-1,Hedged Mutual Fund Fee Trust 2005-3,Hedged Mutual Fund Fee Trust 2006-1,Hedged Mutual Fund Fee Trust 2006-2,Hedged Mutual Fund Fee Trust 2006-3,Hedged Mutual Fund Fee Trust 2007-1
Action: Affirmed
Action: Downgraded
Action: Removed From CreditWatch
Action: Upgraded

Standard and Poors READ MORE >

Hedged Mutual Fund Fee Trust 2006-4,Hedged Mutual Fund Fee Trust 2005-1,Hedged Mutual Fund Fee Trust 2005-3,Hedged Mutual Fund Fee Trust 2006-1,Hedged Mutual Fund Fee Trust 2006-2,Hedged Mutual Fund Fee Trust 2006-3,Hedged Mutual Fund Fee Trust 2007-1

Note: Product cover images may vary from those shown

RELATED PRODUCTS