European Structured Finance CreditWatch Placements Following Eurozone Sovereign CreditWatch Placements—Dec. 9, 2011 Dec 11
Standard & Poors, December 2011
Abstract
Standard & Poor's Ratings Services today placed on CreditWatch negative its credit ratings on 270 tranches in 201 European structured finance transactions. Today's CreditWatch placements follow the CreditWatch negative placement of our ratings on 15 members of the European Economic and Monetary Union (EMU or eurozone). The 15 countries affected are Austria, Belgium, Estonia, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovak Republic, Slovenia, and Spain (see "Standard & Poor's Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative Implications," published on Dec. 5, 2011). Specifically, we have placed on CreditWatch negative: Two tranches in two transactions with exposure to Belgium; 17 tranches in 10 transactions with exposure to France; Seven tranches in four transactions with exposure...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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