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Article: Fitch: Acquisition of Collateral Manager Will Not Affect Ratings Assigned to Delphinus CDO 2007-1.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Fitch Ratings has reviewed the effect of the Macquarie Bank Limited (MBL) or its affiliate's proposed acquisition of Delaware Management Holdings, Inc. and its subsidiaries (collectively, Delaware) from Lincoln National Corp. and determined that this transaction will not affect the ratings currently assigned to Delphinus CDO 2007-1, LLC/Ltd. (Delphinus). Delphinus is managed by Delaware Asset Advisers, a subsidiary of Delaware Management Holdings, Inc.
On Oct. 8, 2009, Fitch was notified that pursuant to applicable law, an assignment of the Delphinus collateral management agreement would be deemed to occur upon MBL's acquisition of Delaware. Although the ultimate ...