Rating Raised On Cash Flow CLO CELF Loan Partners' Class D Notes As The Largest Obligor Default Test Cap Rises Jul 12
Standard & Poors, July 2012
Abstract
OVERVIEW Today's rating actions follow our credit and cash flow analysis of the transaction since our previous review in December 2010. Following our credit and cash flow analysis, we have raised our rating on the class D notes. We have also affirmed our ratings on the class A, B, C-1, and C-2 notes. CELF Loan Partners is a cash flow CLO transaction that securitizes loans to primarily speculative-grade European corporate firms. CELF Investment Advisors is the collateral manager. LONDON (Standard & Poor's) July 18, 2012--Standard & Poor's Ratings Services today raised its credit rating on CELF Loan Partners B.V.'s class D notes. At the same time, we have affirmed our ratings on the class A, B, C-1, and C-2 notes...
Companies mentioned in this report are: CELF Loan Partners B.V.
Action: Affirmed
Action: Upgraded
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
CELF Loan Partners B.V.
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