|
|
Article: Fitch Downgrades 5 Classes of Notes Issued by C-BASS IV, Ltd./Corp.
- Article from:
- Telecommunications Weekly
- Article date:
- November 11, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
Fitch Ratings has downgraded five classes of notes issued by C-BASS IV, Ltd./Corp. (C-BASS IV). The details of the rating actions follow at the end of this press release.
Due to the concentrated nature of the portfolio, Fitch's analysis was primarily based on the comparison of the portion of the portfolio considered performing (assets with a Fitch-derived rating in the 'B' category and higher) and outstanding tranche balances. Specifically, $15.2 million of the notional balance of the performing assets covers the combined balance of $2.7 million of class B-1 and B-2 (collectively, class B) notes 5.7 times. Despite this high coverage ratio, Fitch also considered ...
Related newspaper, magazine, and journal articles:
|
|
Article: New releases.
Music Week;
September 4, 2004 ;
700+ words
... ... CLASSIFIED Universal TV (CD 4756301) U Class X [ ] VARIOUS THE PASSION OF CHRIST Sony (CD 5177522 TEN Class X DANCE [ ] APLHA LOST IN GARDEN OF CLOUDS ... SHK/P Electronica [ ] VARIOUS JAZZ AND BASS IV New Identity (LP NIRLP 005) SRD Drum ...
|
|