Moody's takes action on rating of notes issued by REVE SPC Series 2007
New York, June 20, 2008 -- Moody's Investors Service announced today that it has placed its ratings
of the following notes issued by REVE SPC Series 2007 on review for possible
downgrade:
Class Description: Segregated Portfolio Series 10, USD 25,000,000
Dryden XVII Notes of Series 2007-1, Class B-2 due
September 20, 2014
Prior Rating: Aa3
Current Rating: Aa3, on review for possible downgrade
Class Description: Segregated Portfolio Series 11, EUR 10,000,000
Dryden XVII Notes of Series 2007-1, Class B-2 due
September 20, 2014
Prior Rating: Aa3
Current Rating: Aa3, on review for possible downgrade
Class Description: Segregated Portfolio Series 12, EUR 5,000,000
Dryden XVII Notes of Series 2007-2, Class C-2 due
September 20, 2014
Prior Rating: A3
Current Rating: A3, on review for possible downgrade
Class Description: Segregated Portfolio Series 13, USD 20,000,000
Dryden XVII Notes of Series 2007-1, Class C-2 due
September 20, 2014
Prior Rating: A3
Current Rating: A3, on review for possible downgrade
Class Description: Segregated Portfolio Series 14, JPY 1,000,000,000
Dryden XVII Notes of Series 2007-2, Class D due September
20, 2014
Prior Rating: Baa2
Current Rating: Baa2, on review for possible downgrade
Class Description: Segregated Portfolio Series 15, USD 10,000,000
Dryden XVII Notes of Series 2007-1, Class E due September
20, 2014
Prior Rating: Ba2
Current Rating: Ba2, on review for possible downgrade
Class Description: Segregated Portfolio Series 21, USD 90,000,000
Dryden XVII Notes of Series 2007-1, Class B-2 due
March 20, 2017
Prior Rating: Aa3
Current Rating: Aa3, on review for possible downgrade
Class Description: Segregated Portfolio Series 22, USD 30,000,000
Dryden XVII Notes of Series 2007-1, Class B-2 due
March 20, 2017
Prior Rating: Aa3
Current Rating: Aa3, on review for possible downgrade
Class Description: Segregated Portfolio Series 24, USD 15,000,000
Dryden XVII Notes of Series 2007-2, Class E due March 20,
2017
Prior Rating: Ba2
Current Rating: Ba2, on review for possible downgrade
Class Description: Segregated Portfolio Series 25, USD 30,000,000
Dryden XVII Notes of Series 2007-1, Class B-2 due
March 20, 2017
Prior Rating: Aa3
Current Rating: Aa3, on review for possible downgrade
Class Description: Segregated Portfolio Series 41, JPY 1,000,000,000
Dryden XVII Notes of Series 2007-1, Class B-2 due
September 20, 2014
Prior Rating: Aa3
Current Rating: Aa3, on review for possible downgrade
Moody's explained that today's rating action reflects deterioration in
the credit quality of the transaction's underlying collateral pool,
which consists primarily of corporate securities.
New York
Stephen Lioce
VP - Senior Credit Officer
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653
New York
Oktay Veliev
Associate Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653