List Of European Synthetic CDO And Cash Tranche Rating Withdrawals At June 28, 2012 Jun 12

Standard & Poors, June 2012

Abstract
On June 28, 2012, Standard & Poor's Ratings Services withdrew its credit ratings on 77 European synthetic collateralized debt obligation (CDO) and cash tranches. Note that of these 77 tranches we initially lowered our ratings on 45 of them to 'D (sf)' before withdrawing them. The table below provides the transaction names, series, ratings, and rating withdrawal reasons for the affected tranches. For the related media release, see "Ratings Withdrawn On 77 European Synthetic CDO And Cash Tranches; 45 First Lowered To 'D (sf)'." Please click "View Expanded Table" to see the columns: "ISIN" and "CUSIP". SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to...

Companies mentioned in this report are: SGA Societe Generale Acceptance N.V.,Eirles Two Ltd.,Coriolanus Ltd.,Brooklands ABS Euro Referenced Linked Notes 2002-2 Ltd.,Xelo PLC,Claris Ltd.,Lunar Funding IV Ltd.,Asset-Backed Obligaties Ltd.,Elva Funding PLC,Lunar Funding V PLC,Palmer Square PLC,Aura (Ireland) CDO PLC,Empyrean Finance (Ireland) PLC,Khamsin Credit Products (Netherlands) II B.V.,Metrix Securities PLC,Claris IV Ltd.,Credit Default Swap,Far East Funding I SPC Ltd.,Ortelius Finance PLC

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.

SGA Societe Generale Acceptance N.V.,Eirles Two Ltd.,Coriolanus Ltd.,Brooklands ABS Euro Referenced Linked Notes 2002-2 Ltd.,Xelo PLC,Claris Ltd.,Lunar Funding IV Ltd.,Asset-Backed Obligaties Ltd.,Elva Funding PLC,Lunar Funding V PLC,Palmer Square PLC,Aura (Ireland) CDO PLC,Empyrean Finance (Ireland) PLC,Khamsin Credit Products (Netherlands) II B.V.,Metrix Securities PLC,Claris IV Ltd.,Credit Default Swap,Far East Funding I SPC Ltd.,Ortelius Finance PLC

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