New York, February 25, 2009 -- Moody's Investors Service announced today that it has downgraded its ratings
of 109 notes issued by collateralized debt obligation transactions referencing
a portfolio of corporate entities (the "Corporate Synthetic CDOs").
Moody's explained that the rating actions taken today are the result of
(i) the application of revised and updated key modeling parameter assumptions
that Moody's uses to rate and monitor ratings of Corporate Synthetic CDOs
and (ii) the deterioration in the credit quality of the transaction's
reference portfolio. The revisions affect key parameters in Moody's
model for rating Corporate Synthetic CDOs: default probability,
asset correlation, and other credit indicators such as ratings reviews
and outlooks. Moody's announced the changes to these assumptions
in a press release titled "Moody's Updates its Key Assumptions for Rating
Corporate Synthetic CDOs," published on January 15, 2009.
Moody's initially analyzed and continues to monitor this transaction
using primarily the methodology for Corporate Synthetic CDOs as described
in Moody's Special Report below:
-- Moody's Approach to Rating Corporate Collateralized
Synthetic Obligations (December 2008)
This report can be found at www.moodys.com in the Credit
Policy & Methodologies directory, in the Ratings Methodologies
subdirectory. Other methodologies and factors that may have been
considered in the process of rating this issue can also be found in the
Credit Policy & Methodologies directory.
Today's rating actions are as follows:
ACES Series 2005-24
U.S. $20,000,000 Secured Floating Rate
Notes due 2010, Downgraded to Caa3; previously on 9/26/2008
Downgraded to Baa3
ARLO III Limited Series 2005 (Hyde Park)
U.S. $35,000,000 Secured Limited Recourse
Credit-Linked Notes due 2012, Downgraded to Ca; previously
on 10/23/2008 Downgraded to Caa1
ARLO III Limited Series 2005 (Saint James)
U.S. $30,000,000 Secured Limited Recourse
Credit-Linked Notes due 2012, Downgraded to Ca; previously
on 10/23/2008 Downgraded to B1
ARLO III Limited, Series 2005 (Girona)
U.S. $50,000,000 Secured Limited Recourse
Credit-Linked Notes due 2015, Downgraded to Ba2; previously
on 8/27/2008 Downgraded to Aa2
Brady CDS
U.S. $1,700,000,000 Credit Derivative
Transaction due December 20, 2012, Downgraded to Aa2;
previously on 10/28/2005 Assigned Aaa
Citbank Unfunded Synthetic Swap (Ref No. CA1118042)
U.S. $10,000,000 Citbank Unfunded Synthetic
Swap (Ref No. CA1118042), Downgraded to Ca; previously
on 10/23/2008 Downgraded to Ba1
Cloverie 2006-008
Euro €20,000,000 Tranche Notes due June 20, 2016,
Downgraded to Ca; previously on 10/14/2008 Downgraded to Caa1
Cloverie 2006-11
Euro €19,500,000 Tranche Notes due September 20,
2016, Downgraded to Caa2; previously on 11/4/2008 Downgraded
to Ba3
Cloverie New Mexico 2006-9
Euro €19,500,000 Tranche Notes due June 20, 2016,
Downgraded to Caa2; previously on 11/4/2008 Downgraded to Ba1
Corsair (Jersey) No. 4 Limited
U.S. $15,000,000 Deferrable Fixed Rate
Secured Portfolio Credit-Linked Notes due 2014, Downgraded
to Ba2; previously on 10/28/2008 Downgraded to A1
COUNTS Trust Series 2004-2
U.S. $150,000,000 DJ CDX.NA.IG.2
Floating Rate Certificates, due September 2009, Downgraded
to A2; previously on 10/28/2008 Downgraded to Aa1
COUNTS Trust, Series 2004-5
U.S. $50,000,000 Series 2004-5
Certificates Due 2009, Downgraded to Ba1; previously on 2/15/2007
Downgraded to A2
Credit and Repackaged Securities Limited 2006-1
U.S. $20,000,000 Tranche Notes due March
20, 2013, Downgraded to Ca; previously on 11/19/2008
Downgraded to B2
Credit and Repackaged Securities Limited 2006-4
U.S. $30,000,000 Single Tranche Notes
Due September 15, 2014, Downgraded to Ca; previously
on 8/21/2008 Downgraded to B3
Credit and Repackaged Securities Limited 2006-5
U.S. $3,000,000 Single Tranche Notes
Due September 15, 2014, Downgraded to Ca; previously
on 10/22/2008 Downgraded to Ba3
Credit and Repackaged Securities Limited 2006-6
U.S. $2,000,000 Single Tranche Notes
Due September 15, 2014, Downgraded to Ca; previously
on 10/22/2008 Downgraded to Ba3
Credit and Repackaged Securities Limited 2006-7
U.S. $15,000,000 Single Tranche Notes
Due September 15, 2014, Downgraded to Ca; previously
on 10/22/2008 Downgraded to Caa2
Credit and Repackaged Securities Limited 2006-9
U.S. $43,000,000 Single Tranche Notes
Due June 20, 2014, Downgraded to Ba1; previously on 10/27/2008
Downgraded to Aa1 and remains on Review for Possible Downgrade
Credit and Repackaged Securities Limited Series 2006-15
U.S. $20,000,000 Single Tranche Notes
Due December 20, 2016, Downgraded to Caa3; previously
on 10/28/2008 Downgraded to Ba2
Credit and Repackaged Securities Limited Series 2006-16
U.S. $5,000,000 Single Tranche Notes
Due December 20, 2016, Downgraded to Ca; previously on
10/2/2008 Downgraded to B2
Credit and Repackaged Securities Limited Series 2006-17
U.S. $5,700,000 Single Tranche Notes
Due December 20, 2016, Downgraded to Ca; previously on
10/28/2008 Downgraded to Caa2
Credit Default Swap - BluePoint Re Limited CN005107
U.S. $90,000,000 Credit Default Swap
due June 20, 2010, Downgraded to Baa1; previously on
5/27/2005 Assigned Aaa
Credit Default Swap ID #629613M
10.5%-80% U.S. $1,390,000,000
Tranche, Downgraded to Aa1; previously on 1/6/2005 Assigned
Aaa
Credit Default Swap Reference #C540278M
iBoxx.IG.2 7%-10% U.S.
$10,000,000 Tranche, Downgraded to Aa3;
previously on 10/28/2008 Downgraded to Aa1
Credit Linked Notes Ltd. 2004-2
U.S. $16,500,000 Credit Linked Notes
due September 20, 2009, Downgraded to Caa1; previously
on 4/30/2004 Assigned B2
Credit Linked Notes Ltd. 2004-3
U.S. $8,250,000 Credit Linked Notes due
September 20, 2009, Downgraded to Caa2; previously on
6/30/2004 Assigned B1
Credit Protection Trust 159
U.S. $1,050,000,000 Credit Derivative
Transaction due December 20, 2011, Downgraded to Aa1;
previously on 10/5/2004 Assigned Aaa
Credit Protection Trust 187
Euro €400,000,000 Credit Derivative Transaction due September
20, 2012, Downgraded to Aa1; previously on 4/5/2005 Assigned
Aaa
Credit Protection Trust 195
U.S. $400,000,000 Credit Derivative Transaction
due September 20, 2012, Downgraded to Aa1; previously
on 4/22/2005 Assigned Aaa
Credit Protection Trust 197 (Canary)
U.S. $440,000,000 Credit Default Swap
due September 20, 2010, Ref. No.: CN008915,
Downgraded to Aa3; previously on 6/29/2005 Assigned Aaa
Credit Protection Trust 234 - Alcazar
U.S. $1,000,000,000 Credit Derivative
Transaction due September 20, 2011, Downgraded to Aa1;
previously on 7/31/2006 Assigned Aaa
Credit Protection Trust 259
U.S. $1,000,000,000 Credit Derivative
Transaction due June 20, 2014, Reference CN103312, Downgraded
to Baa2; previously on 3/27/2007 Assigned Aaa
Delaware TIERS Fixed Rate Credit-Backed Trust Certificates,
Series 2004-34
U.S. $16,650,000 Trust Certificates,
Downgraded to Ca; previously on 10/23/2008 Downgraded to B3
Deutsche Bank AG, London Branch- Credit Protection Trust
193 - CDS #C703076M
U.S. $785,000,000 30.75%-70%
Tranche, Downgraded to Aa2; previously on 6/14/2005 Assigned
Aaa
Deutsche Bank AG, London Branch- Credit Protection Trust
204 - CDS #C717976
U.S. $585,000,000 30.75%-60%
Tranche, Downgraded to Aa3; previously on 6/29/2005 Assigned
Aaa
Deutsche Bank AG, London Branch- LaCrosse Financial Products,
LLC - CDS #C742861M
U.S. $1,300,000,000 15%-80%
Tranche, Downgraded to Aa1; previously on 6/21/2005 Assigned
Aaa
Dublin Bay (CDO) Limited
U.S. $100,000,000 Floating Rate Class
A credit-linked Notes due 2010, Downgraded to Caa2;
previously on 10/2/2008 Downgraded to A2
GS CDS (Ref. # SDB506494104)
U.S. $5,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. # SDB506546906)
U.S. $6,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. # SDB506546935)
U.S. $5,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. # SDB506546943)
U.S. $5,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. # SDB506546950)
U.S. $3,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. # SDB506546955)
U.S. $3,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. # SDB506547004)
U.S. $3,000,000 Credit Default Swap Referencing
Class 7A1 of Landgrove Synthetic CDO SPC Series 2007-2, Downgraded
to Baa3; previously on 11/3/2008 Downgraded to Aa1
GS CDS (Ref. #SDB507893701.0.1.0)
U.S. $1,000,000,000 Credit Derivative
Transaction due December 20, 2010, Downgraded to Aa1;
previously on 2/29/2008 Assigned Aaa
Irvington SCDO 2004-1 Ltd. (March 4, 2004)
Class A-3L Notes due March 11, 2010, Downgraded to
Ca; previously on 10/14/2008 Downgraded to Caa2
Jupiter (Reference ID: J18323)
U.S. $1,600,000,000 Credit Derivative
Transaction Due June 20, 2017, Downgraded to Aa1; previously
on 5/31/2007 Assigned Aaa
Lynden 2006-1 (Series 21)
U.S. $15,000,000 Tranche AAA-L
Secured Limited Recourse Credit-Linked Notes due 2013, Downgraded
to Caa1; previously on 10/8/2008 Downgraded to Baa1
Magnolia Finance II Series 2005-1
U.S. $30,000,000 Portfolio Credit Linked
Notes due 2010, Downgraded to Baa3; previously on 11/7/2008
Downgraded to Aa1
Magnolia Finance II Series 2005-2
U.S. $5,000,000 Portfolio Credit Linked
Notes due 2010, Downgraded to Ca; previously on 11/7/2008 Downgraded
to B2
Magnolia Finance IV plc
Series 2005-1 U.S. $3,000,000
Portfolio Credit Linked Notes due 2010, Downgraded to Ca; previously
on 11/7/2008 Downgraded to B1
Magnolia Finance V plc
Series 2005-1 U.S. $3,000,000
Portfolio Credit Linked Notes due 2010, Downgraded to Ca; previously
on 11/7/2008 Downgraded to B1
Maple 2005-241 Tranche A1 REF:129802
U.S. $100,000,000 Tranche A1 Ref:
129802, Downgraded to Ca; previously on 9/19/2008 Downgraded
to B2
Maple 2005-241 Tranche B1
U.S. $ 110,000,000 Tranche B1,
Downgraded to Ca; previously on 9/19/2008 Downgraded to Caa2
Maple 2005-32 Tranche Aaa REF: 145857
U.S. $20,000,000 Tranche Aaa REF:
145857, Downgraded to Ca; previously on 9/19/2008 Downgraded
to Caa2
Mariner
U.S. $175,000,000 Credit Derivative Transaction
Due 2012, Downgraded to Ba3; previously on 10/28/2008 Downgraded
to A2
Mistletoe Orso Trust 2
U.S. $50,000,000 Credit-Linked
Certificates due March 20, 2012, Downgraded to B2; previously
on 10/14/2008 Downgraded to A2
Morgan Stanley ACES SPC Series 2007-10
U.S. $200,000,000 Class IA Secured Floating
Rate Notes due 2017, Downgraded to Ba3; previously on 9/19/2008
Downgraded to Baa2
Morgan Stanley ACES SPC, Series 2005-21
U.S. $5,000,000 Class IA Notes due September
20, 2010, Downgraded to Ca; previously on 10/23/2008
Downgraded to B2
Morgan Stanley ACES SPC, Series 2005-8
U.S. $6,000,000 Secured Fixed Rate Notes
due 2015, Downgraded to Caa3; previously on 10/23/2008 Downgraded
to B1
Morgan Stanley ACES SPC, Series 2005-9
U.S. $6,000,000 Secured Fixed Rate Notes
due 2015, Downgraded to Caa2; previously on10/27/2008 Downgraded
to Ba1
Morgan Stanley ACES SPC, Series 2006-23
U.S. $10,000,000 Class IB Secured Fixed
Rate Notes due September 20, 2016, Downgraded to Caa2;
previously on 10/17/2008 Downgraded to Baa2
Morgan Stanley ACES SPC, Series 2006-35
U.S.$75,000,000 Class I Secured Floating
Rate Notes due 2016, Downgraded to Caa1; previously on 11/4/2008
Downgraded to Baa1
Morgan Stanley ACES, SPC - Series 2007-31 Segregated
Portfolio
EUR €200,000,000 Secured Floating Rate Notes due 2017,
Downgraded to A1; previously on 8/29/2007 Assigned Aaa
MS CDS Ref# NGTYU
U.S. $1,100,000,000 Credit Derivative
Transaction due March 20, 2014, Downgraded to Aa3; previously
on 2/27/2007 Assigned Aaa
New Generation Funding Trust 116
U.S. $375,000,000 Credit Derivatives
Transaction - Ref. No NSBQQ, Downgraded to Aa1;
previously on 3/28/2006 Assigned Aaa
ORSO Portfolio Tranche Index Certificates, Series Trust 1
U.S. $28,000,000 Credit-Linked
Certificates due September 20, 2014, Downgraded to Baa1;
previously on 10/17/2008 Downgraded to Aa1 and remains on Review for Possible
Downgrade
Pine Tree I - Credit Derivative Transaction - Series 2005-2
(Reference: PS252)
U.S. $4,000,000 Secured Floating Rate
Credit Linked Notes due 2012, Downgraded to Ca; previously
on 11/7/2008 Downgraded to Caa1
Pine Tree III: USD 4,000,000 Secured Floating Rate Credit
Linked Notes Due 2012, Series 2005-4
U.S. $4,000,000 Secured Floating Rate
Credit Linked Notes Due 2012, Downgraded to Ca; previously
on 7/11/2008 Downgraded to B2
Pine Tree IV - Series 2006-2
U.S. $3,000,000 Secured Floating Rate
Credit Linked Notes due June 30, 2013, Downgraded to Ca;
previously on 10/21/2008 Downgraded to Caa1
Prism Trident ORSO Trust
U. S. $25,000,000 Credit Linked Certificates
due September 20, 2009, Downgraded to A2; previously
on 1/12/2009 Downgraded to A1
SALS 2007-3 (Series 4657)
U.S. $20,000,000 SALS 2007-3 Notes
due June 20, 2017, Downgraded to Ca; previously on 10/28/2008
Downgraded to Caa3
Sedona 2005-2 Series 18
Tranche A6-F1 U.S. $4,000,000
Secured Limited Recourse Credit Linked Notes due 2012, Downgraded
to Ca; previously on 10/8/2008 Downgraded to Caa3
Series 2007-1 Segregated Portfolio of Pantera Vive CDO SPC
U.S. $50,000,000 Class A Floating Rate
Notes Due 2017, Series 2007-1, Downgraded to B3;
previously on 7/1/2008 Downgraded to A2
Sperlonga 2005-2 (Credit Protection Trust 190)
U.S. $480,000,000 Credit Default Swap
due September 20, 2010, Ref. No.: CN002938,
Downgraded to A1; previously on 3/29/2005 Assigned Aaa
Sperlonga 2007-2 (Credit Protection Trust 259) CDS Ref.
No.:CN118756
U.S. $1,000,000,000 Credit Derivative
Transaction due September 20, 2014, Downgraded to Baa3;
previously on 8/29/2007 Assigned Aaa
Standish 10040 - Trustee of Donations - Episcopal Church
CDS I
U.S. $500,000 Credit Default Swap Ref.
No.: NKG2Y, Downgraded to Caa3; previously on
9/26/2008 Downgraded to Ba3
Standish 10040 - Trustee of Donations - Episcopal Church
CDS II
U.S. $500,000 Credit Default Swap Ref.
No.: NKG2Z, Downgraded to Ca; previously on
9/26/2008 Downgraded to B1
Strata Trust, Series 2006-10
U.S. $15,000,000 Floating Rate Notes
due June 21, 2003, Downgraded to B1; previously
on 10/27/2008 Downgraded to A2
Strata Trust, Series 2006-2
U.S. $30,000,000 Floating Rate Notes
due June 21, 2013, Downgraded to Ca; previously on 10/27/2008
Downgraded to Ba2
Structured Investments Corporation III, Series 2005-3
U.S. $30,000,000 Series 2005-3
Notes Due 2015, Downgraded to Ca; previously on 10/23/2008
Downgraded to Caa3
Structured Investments Corporation, Series 2005-4
U.S. $10,000,000 Series 2005-4
Notes Due 2015, Downgraded to Ca; previously on 10/23/2008
Downgraded to Caa3
Swiss Cheetah 2006-1
U.S. $10,000,000 Swiss Cheetah LLC,
Series 2006-1 Credit Default Swap, Downgraded to Ca;
previously on 10/23/2008 Downgraded to Caa1
Swiss Cheetah 2006-2
U.S. $10,000,000 Swiss Cheetah LLC,
Series 2006-2 Credit Default Swap, Downgraded to Ca;
previously on 10/23/2008 Downgraded to Caa1
Swiss Cheetah 2006-3
U.S. $10,000,000 Swiss Cheetah LLC,
Series 2006-3 Credit Default Swap, Downgraded to Ca;
previously on 10/23/2008 Downgraded to Caa1
Swiss Cheetah LLC Asset Protection Transaction 3
U.S. $37,500,000 Swiss Cheetah LLC Asset
Protection Transaction 3B, Downgraded to Caa2; previously on
11/5/2008 Downgraded to Ba1
Swiss Cheetah LLC Asset Protection Swap Transaction 5
U.S. $37,500,000 Swiss Cheetah LLC Asset
Protection Transaction 5B, Downgraded to Caa3; previously on
8/13/2008 Downgraded to Ba1
Swiss Cheetah LLC Asset Protection Transaction 7
U.S. $37,500,000 Swiss Cheetah LLC Asset
Protection Transaction 7B, Downgraded to B3; previously on
10/8/2008 Downgraded to Baa2
Swiss Cheetah LLC Asset Protection Transaction 8
U.S. $37,500,000 Swiss Cheetah LLC Asset
Protection Transaction 8B, Downgraded to B3; previously on
8/13/2008 Downgraded to Baa3
Swiss Cheetah, Series 2004-1
U.S. $20,000,000 Swiss Cheetah Asset
Protection Transaction, Series 2004-1, Downgraded to
Ca; previously on 11/6/2008 Downgraded to B1
Terra CDO SPC Ltd. Series 2007-7
U.S. $5,750,000 Class A1 Fixed Rate Notes
due September 2012, Downgraded to Ca; previously on 6/9/2008
Downgraded to Baa3
Tiers 2005-13
U.S. $41,000,000 TIERS® Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/15/2008 Downgraded to Caa2
Tiers 2006-10
U.S. $10,000,000 TIERS® Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca;
previously on 10/23/2008 Downgraded to Caa2
Tiers 2006-9 (Alaska)
U.S. $25,000,000 TIERS® Alaska Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/23/2008 Downgraded to B2
TIERS Alaska Floating Rate Credit Linked Trust, Series 2007-2
U.S. $8,000,000 TIERS® Alaska Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/23/2008 Downgraded to B3
TIERS Arizona Floating Rate Credit Linked Trust, Series 2006-02
U.S. $50,000,000 TIERS Arizona Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/23/2008 Downgraded to Ba3
TIERS Credit Backed Trust DJ CDX 2004-35
U.S. $100,000,000 Credit Backed Trust
Certificates, Downgraded to Baa1; previously on 10/28/2008
Downgraded to Aa2
TIERS Floating Rate Credit Linked Trust Certificates, Series 2006-12
U.S. $43,000,000 TIERS Floating Rate
Credit Linked Trust Certificates, Downgraded to B2; previously
on 11/7/2008 Downgraded to A1
TIERS Florida Floating Rate Credit Linked Trust, Series 2005-15
U.S. $15,000,000 TIERS Florida Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/14/2008 Downgraded to Caa2
Tiers Georgia 2006-1
U.S. $20,000,000 TIERS Georgia Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 11/7/2008 Downgraded to Caa1
TIERS Hawaii Floating Rate Credit Linked Trust, Series 2007-22
U.S. $25,000,000 TIERS® Hawaii Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/27/2008 Downgraded to Caa2
Tiers Missouri 2007-1
U.S. $31,000,000 Tiers Missouri Floating
Rate Credit Linked Trust Certificates, Downgraded to Caa2;
previously on 10/21/2008 Downgraded to Ba1
TIERS Vermont Floating Rate Credit Linked Trust, Series 2007-23
U.S. $15,000,000 TIERS® Vermont Floating
Rate Credit Linked Trust Certificates, Downgraded to Ca; previously
on 10/27/2008 Downgraded to Caa1
TIERS® California Floating Rate Credit Linked Trust, Series
2006-3
U.S. $41,000,000 Tiers® California
Floating Rate Credit Linked Trust Certificates, Downgraded to Ca;
previously on 10/14/2008 Downgraded to B1
Tribune Limited- Series 21
U.S. $5,000,000 5.90 per cent.
Credit Linked Secured Notes due 2010, Downgraded to Ca; previously
on 10/15/2008 Downgraded to Caa3
Tribune Ltd Series 23
U.S. $10,000,000 6.45 per cent.
Credit Linked Secured Notes due 2010, Downgraded to Ca; previously
on 10/15/2008 Downgraded to Caa3
UBS $24MM DMR CLN Series 3832
U.S. $24,000,000 Floating Rate Notes
due September 20, 2014, Downgraded to Ca; previously
on 10/28/2008 Downgraded to Ba2
UBS AG, Jersey Branch, Credit Linked Notes Series 2915
U.S. $5,000,000 B-2005-5
Floating Rate Notes due June 20, 2010, Downgraded to Ca;
previously on 11/4/2008 Downgraded to B2
UBS ISSUE SERIES 2032
U.S. $18,000,000 Fixed Rate Credit Linked
Notes due March 20, 2012, Downgraded to Caa3; previously
on 3/30/2004 Assigned Baa3
New York
Rodrigo Araya
Senior Vice President
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
New York
Karie Chen
Asst Vice President - Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
Moody's lowers ratings of 109 notes issued by Corporate Synthetic CDO transactions
