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Article: Fitch Ratings Affirms Bushnell Loan Fund, Ltd.
- Article from:
- Business Wire
- Article date:
- March 16, 2006
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Copyright informationCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fitch Ratings affirms two classes of notes issued by Bushnell Loan Fund, Ltd., (Bushnell). The following rating actions are effective immediately:
--$38,300,000 class A notes at 'A';
--$25,000,000 class B notes at 'BBB'.
Bushnell, which closed Oct. 21, 2004, is managed by Hartford Investment Management Company (HIMCO) and will exit its reinvestment period in October 2013. HIMCO is assigned a bank loan collateralized debt obligation (CDO) asset manager rating of 'CAM2' by Fitch. Bushnell is a synthetic CDO that provides investors with leveraged exposure to a diversified pool of high yield loans.
These affirmations are the result of stable ...
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