|
|
Article: Fitch Downgrades 11 Synthetic CRE CDOs on Underlying Portfolio Concentration Risk.
- Article from:
- Business Wire
- Article date:
- January 22, 2009
CopyrightCOPYRIGHT 2009 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)
|
NEW YORK -- Fitch Ratings today has downgraded $1.83 billion from 11 synthetic collateralized debt obligations (CDOs) that reference commercial mortgage-backed securities (CMBS), also referred to as synthetic commercial real estate (CRE) collateralized debt obligations (CDOs). These rating actions reflect Fitch's view on industry and vintage concentration risks outlined in its revised Structured Finance CDO rating criteria released Dec. 16, 2008. These 11 transactions primarily reference static portfolios of either highly rated or mezzanine tranches of CMBS transactions. Credit enhancement to protect senior notes from underlying portfolio losses is derived primarily ...
Related newspaper, magazine, and journal articles:
|
|
Article: Fitch Affirms Telefonica Chile IDR at 'BBB+'; Outlook ...
Business Wire;
September 4, 2007 ;
700+ words
... ... Currency Issuer Default Rating (IDR) at 'BBB+', Outlook Stable; --Foreign Currency IDR at 'BBB+', Outlook Stable; --National scale IDR at 'AA-(Chl)', Outlook Stable; --National scale short-term IDR at 'F1+(Chl ...
|
|