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Various Rating Actions Taken On 15 European Synthetic CDO Tranches Mar 11 Product Image

Various Rating Actions Taken On 15 European Synthetic CDO Tranches Mar 11

  • Published: March 2011
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • CID Finance B.V.
  • Coriolanus Ltd.
  • Elva Funding PLC
  • Lunar Funding I Ltd.
  • Lunar Funding V PLC
  • Willow No.2 (Ireland) PLC
  • MORE

Abstract
OVERVIEW We have taken recent rating actions on the underlying collateral to which these tranches are weak-linked. We have thus taken various corresponding rating actions on these 15 tranches. These transactions are European synthetic CDOs. LONDON (Standard & Poor's) March 29, 2011--Standard & Poor's Ratings Services today took various rating actions on 15 European collateralized debt obligation (CDO) tranches. Specifically, we have: Lowered our ratings on three tranches; Lowered and kept on CreditWatch negative our ratings on two tranches; Lowered and placed on CreditWatch negative our rating on two tranches; and Raised our ratings on eight tranches (see list below). Today's rating actions follow our recent rating actions on the underlying collateral. According to the transaction documents, the ratings on...

Companies mentioned in this report are:
- Coriolanus Ltd.
- Lunar Funding I Ltd.
- Elva Funding PLC
- Lunar Funding V PLC
- CID Finance B.V.
- Willow No.2 (Ireland) PLC

Action: Downgraded
Action: On CreditWatch:Negative
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of READ MORE >

- Coriolanus Ltd.
- Lunar Funding I Ltd.
- Elva Funding PLC
- Lunar Funding V PLC
- CID Finance B.V.
- Willow No.2 (Ireland) PLC

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