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Various Rating Actions Taken On 15 European Synthetic CDO And Repack Tranches Following Action On A Dependent Entity Feb 13 Product Image

Various Rating Actions Taken On 15 European Synthetic CDO And Repack Tranches Following Action On A Dependent Entity Feb 13

  • Published: February 2013
  • Region: Europe
  • Standard & Poors

Abstract
OVERVIEW We have taken recent rating actions on the underlying collateral, bank account, or reference obligation to which 15 tranches are weak-linked or dependent. Today, we have therefore also taken corresponding action on these 15 tranches. These transactions are European synthetic CDOs and repacks. LONDON (Standard & Poor's) Feb. 18, 2013--Standard & Poor's Ratings Services today took various credit rating actions on 15 European collateralized debt obligation (CDO) and repack tranches. Specifically, we: Placed on CreditWatch negative our ratings on five tranches; Removed from CreditWatch negative our ratings on five tranches; Raised and removed from CreditWatch positive our rating on one tranche; and Raised our ratings on four tranches. For the full list of today's rating actions see "List Of...

Companies mentioned in this report are:
- Cheyne Credit SPI (Ireland) PLC

Action: Downgraded
Action: On CreditWatch:Negative
Action: Removed From CreditWatch
Action: Upgraded
Action: Withdrawn

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- Cheyne Credit SPI (Ireland) PLC

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