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Article: Fitch Places 5 Classes from Slate CDO 2007-1 on Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- July 10, 2008
CopyrightCOPYRIGHT 2008 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 has placed the following classes of Slate CDO 2007-1, Ltd./LLC (Slate CDO 2007-1) on Rating Watch Negative:
--$27,800,000 class A3 secured deferrable interest floating-rate notes 'A';
--$18,000,000 class B1 secured deferrable interest floating-rate notes 'BBB';
--$13,500,000 class B2 secured deferrable interest floating-rate notes 'BBB-';
--$11,200,000 class B3 secured deferrable interest floating-rate notes 'BB+';
--$5,300,000 class C mezzanine deferrable interest floating-rate notes 'BB'.
The placement of the classes on Rating Watch Negative reflects the decline in the portfolio credit ...