Moody's downgrades twenty one credit default swaps entered into by Morgan Stanley Capital Services Inc.
EUR 1.5 billion of credit default swaps affected
London, 07 June 2007 -- Moody's Investors Service has taken the following actions on credit default
swaps entered into by Morgan Stanley Capital Services Inc.
--Downgraded to Baa1 from Aa2, the GR 1 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A2 from Aa2, the GR 2 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 3 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 4 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A2 from Aa2, the GR 5 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to Baa1 from Aa2, the GR 6 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A2 from Aa2, the GR 7 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to Aa3 from Aa2, the GR 8 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A3 from Aa2, the GR 9 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 10 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 11 EUR 75,500,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to Baa1 from Aa2, the GR 12 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 13 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 14 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A2 from Aa2, the GR 15 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to Baa2 from Aa2, the GR 16 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A2 from Aa2, the GR 17 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to Aa3 from Aa2, the GR 18 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to Baa2 from Aa2, the GR 19 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A1 from Aa2, the GR 20 EUR 71,000,000
MSCS Credit Derivative Transaction due 2015
--Downgraded to A2 from Aa2, the GR 21 EUR 75,500,000
MSCS Credit Derivative Transaction due 2015
These downgrades are the result of credit migration in the underlying
pools.
London
Paul Jamieson
Analyst
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
London
Gareth Levington
Managing Director
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454