Tuesday 30th March 2004 |
Text too small? |
Final valuations have yet to be determined for the remainder of Australian synthetic transactions affected by the default of Parmalat. Standard & Poor's will continue to monitor both the recovery process of the bankrupt entity with regard to these transactions and the performance in general of all reference obligations and authorized investments affecting the Australian CDO market.
The rating action taken and transactions affected are as follows:Transaction | Ratings | |
---|---|---|
From: | To: | |
HY-FI Securities Ltd. Series 1 | A+/Watch Dev | AA- |
HY-FI Securities Ltd. Series 2 | BBB-/Watch Dev | BB- |
HY-FI Securities Ltd. Series 3 | A+/Watch Dev | A+|
HY-FI Securities Ltd. Series 4 | BBB-/Watch Dev | BB |
No comments yet
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills