Moody's Global Credit Research Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.
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2008-05-06:
Name Date
FONCAIXA HIPOTECARIO 4 FONDO DE TITULIZACI+N HIPOTECARIA FONCAIXA HIPOTECARIO 4 FONDO DE TITULIZACI+N HIPOTECARIA 2008-05-06
...Deal Closing Date #:##/##/#### Seller/Originator:Caja de Ahorros y Pensiones de Barcelona [Aa# (LT Issuer Rating)] Servicer:Caja de Ahorros y Pensiones de Barcelona [Aa# (LT Issuer Rating)] Backup/Special Servicer: Trustee:Gesticaixa [- -] Lead Underwriter: Caja de Ahorros y Pensiones de Barcelona [Aa# (LT Issuer Rating)] Pool Currency: EUR Original Pool Balance: ###,###,### Pool Reporting Frequency: Quarterly Last Reporting Date: ##/##/#### ...
TDA 15-MIXTO FONDO DE TITULIZACI+N DE ACTIVOS TDA 15-MIXTO FONDO DE TITULIZACI+N DE ACTIVOS 2008-05-06
... Maria.TurbicaManrique@moodys.com Ignacio Rivela, ####-####-####, Ignacio.Rivela@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring...
Romagna Finance S.r.l. Romagna Finance S.r.l. 2008-05-06
...Deal Closing Date #:##/##/#### Seller/Originator:Cassa di Risparmio di Cesena [- -] Banca di Romagna [- -] Servicer:Cassa di Risparmio di Cesena [- -] Banca di Romagna [- -] Backup/Special Servicer: Trustee:Credit Investor Services Bank Luxembourg S.A. [- -] Lead Underwriter: Credit Agricole [- -] Pool Currency: EUR Original Pool Balance: ###,###,### Pool Reporting Frequency: Semi-ann Last Reporting Date: ##/##/#### ...
Magellan Mortgages No. 2 plc Magellan Mortgages No. 2 plc 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure ...
TDA 17 - MIXTO FONDO DE TITULIZACI+N DE ACTIVOS TDA 17 - MIXTO FONDO DE TITULIZACI+N DE ACTIVOS 2008-05-06
... Maria.TurbicaManrique@moodys.com Ignacio Rivela, ####-####-####, Ignacio.Rivela@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring...
Auto ABS Compartiment 2004-1 Auto ABS Compartiment 2004-1 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Early Amortisation: Early amortisation occurs when, amongst others, the #-month rolling average...
Intesa Lease Sec. S.r.l. Intesa Lease Sec. S.r.l. 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary #Early amortisation triggers that are not relevant anymore due to the end of the revolving period are not displayed on this performance overview. Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate) Footnotes - Trigger Description Defaults - Net Cumulative - Interest deferral: The interests on the Class B notes are subordinated to the principal of the Class A notes when net cumulative defaults exceed the required level. Defaults - Net Cumulative - Cash Trap: Excess spread is trapped when net cumulative defaults exceed the required level. ...
TDA 20 - MIXTO FONDO DE TITULIZACI+N DE ACTIVOS TDA 20 - MIXTO FONDO DE TITULIZACI+N DE ACTIVOS 2008-05-06
... Maria.TurbicaManrique@moodys.com Ignacio Rivela, ####-####-####, Ignacio.Rivela@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring...
STICHTING MEMPHIS 2005-I STICHTING MEMPHIS 2005-I 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary #The Available Synthetic Excess Spread is accumulated as the Synthetic Reserve Amount to be used to cover losses. Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description...
FAST 2005 Limited FAST 2005 Limited 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Reserve Fund - Increase: The Default Reserve will increase to ##,###,### when, amongst others,...
F-E Mortgages S.r.l. 2005 F-E Mortgages S.r.l. 2005 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). ...
E-MAC DE 2005-I B.V. E-MAC DE 2005-I B.V. 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary #The installment Deferred Purchase Price for the last quarter #### should go to Class F as redemption. This was corrected in the first quarter #### which is shown in negative excess spread. ...
CELTIC RESIDENTIAL IRISH MORTGAGE SECURISATION NO. 9 PLC CELTIC RESIDENTIAL IRISH MORTGAGE SECURISATION NO. 9 PLC 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Switch to pro rata: Amortisation is switched to pro rata when, amongst others, delinquencies >##...
E-MAC DE 2006-I B.V. E-MAC DE 2006-I B.V. 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations. ...
CityMortgage MBS Finance B.V. CityMortgage MBS Finance B.V. 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary #The Information on Liquidity Facility is currently not reported by Bank of New York. Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations. ...
E-MAC DE 2006-II B.V. E-MAC DE 2006-II B.V. 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations. Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Reserve Fund - Target Amortisation: Target amortisation of the notes occurs when, amongst others, the reserve fund is at its target level. Delinquencies - Target Amortisation: Target amortisation of the notes occurs when, amongst others, delinquencies >## days are less than #.#%. Delinquencies - Reserve Fund...
Sestante Finance S.r.l. Series 2006 Sestante Finance S.r.l. Series 2006 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary #Please note that if the quarterly Pre-Payment Rate is above #.#%, the Interest Available Funds remainig after crediting the Cash Reserve Account are used to credit the Class C# Account. Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly...
ELIDE Compartiment 2007-01 ELIDE Compartiment 2007-01 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). ...
Public University Governance Faces New Challenges as U.S. Public Higher Education Becomes Increasingly Market-Driven Public University Governance Faces New Challenges as U.S. Public Higher Education Becomes Increasingly Market-Driven 2008-05-06
...As state governments again face new financial pressures from a weakening economy and slowing tax revenues, officials in many states are likely to make difficult budgetary decisions to reduce comparative funding for public universities. Such decisions would be consistent with a long-established trend of university cost-shifting towards students and private donors, as state governments struggle with funding many competing priorities. As this trend continues, the roles and responsibilities of U.S. public universit y boards are changing as public higher education institutions become increasingly market-driven and complex organizations. Boards in many states now oversee quasi-independent, highly competitive universities that generate the majority of t heir revenues from non-state sources but nonetheless retain a strong publ ic mandate. The credit implications of this shift have generally been positive as many public university ratings have been upgraded in recent years as they...
Capital One Multi-asset Execution Trust (COMET) Class A(2008-5) Card series Notes Capital One Multi-asset Execution Trust (COMET) Class A(2008-5) Card series Notes 2008-05-06
...# Avg. Portfolio Yield includes yield from finance charges, fees, and interchange. # MT Consumer denotes the Trust receivables arisin g in consumer revolving credit card accounts. # Bank Small Bus. figures include the entire (i.e., on- and off- balance sheet) small business credit card portfolio. Approximat ely $#.## billion of this portfolio has been added to the Trust as of March ##, ####. ...
BALTIC-AMERICAN ENTERPRISE FUND incl Commentary BALTIC-AMERICAN ENTERPRISE FUND incl Commentary 2008-05-06
... Target reserve amount and reserve amount for period ##/##/#### are corrected to previous published report. ...
IM PASTOR 3 FONDO DE TITULIZACI+N HIPOTECARIO IM PASTOR 3 FONDO DE TITULIZACI+N HIPOTECARIO 2008-05-06
... Maria Turbica Manrique, ##-##-###-####, Maria.TurbicaManrique@moodys.com Ignacio Rivela, ####-####-####, Ignacio.Rivela@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring...
BANCAJA 9 FONDO DE TITULIZACI+N DE ACTIVOS BANCAJA 9 FONDO DE TITULIZACI+N DE ACTIVOS 2008-05-06
... Maria Turbica Manrique, ##-##-###-####, Maria.TurbicaManrique@moodys.com Ignacio Rivela, ####-####-####, Ignacio.Rivela@moodys.com Client Service Desk London: ####-####-####, csdlondon@moodys.com Monitoring...
FONCAIXA HIPOTECARIO 9 FONDO DE TITULIZACI+N DE ACTIVOS FONCAIXA HIPOTECARIO 9 FONDO DE TITULIZACI+N DE ACTIVOS 2008-05-06
...Deal Closing Date #:##/##/#### Seller/Originator:Caja de Ahorros y Pensiones de Barcelona [Aa# (LT Issuer Rating)] Servicer:Caja de Ahorros y Pensiones de Barcelona [Aa# (LT Issuer Rating)] Backup/Special Servicer: Trustee:Gesticaixa [- -] Lead Underwriter: Citigroup Inc. [Aa# (Senior Unsecured - Fgn Curr)] Caja de Ahorros y Pensiones de Barcelona [Aa# (LT Issuer Rating)] Pool Currency: EUR Original Pool Balance: #,###,###,### Pool Reporting Frequency: Quarterly Last Reporting Date: ##/##/#### ...
PELICAN MORTGAGES NO. 3 PUBLIC LIMITED COMPANY PELICAN MORTGAGES NO. 3 PUBLIC LIMITED COMPANY 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure # Residual tranches are not considered for any of the total amount or total % calculations. ...
HIPOTOTTA NO. 6 PLC HIPOTOTTA NO. 6 PLC 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). Footnotes - Trigger Description Delinquencies - Switch to pro rata: Amortisation of Class A is switched to pro rata when delinquencies >## days...
HAUS 2000-1 Limited HAUS 2000-1 Limited 2008-05-06
...Footnotes - General Information # Date format throughout report is DD/MM/YYYY. Footnotes - Rating Opinion and General Commentary Footnotes - Capital Structure Footnotes - Portfolio and Performance Data #Due to internal data mapping we have allocated # weeks delinquent loans to ## days delinquencies and ## weeks delinquent loans to ## days delinquencies. # CPR (Constant Prepayment Rate) Moody's CPR calculation = #-(#-(Current Period Unscheduled Principal Payments divided by Current Period Outstanding Pool Balance plus Unscheduled Principal Payments))^[reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#). # TRR (Total Redemption Rate) Moody's TRR calculation = #-(#-(Current Period Total Principal Payments divided by Current Period Outstanding Pool Balance plus Total Principal Payments))^ [reporting frequency] where reporting frequency equals (monthly reporting=##, quarterly reporting=#, semi-annual=#, annual=#)....
MOODY'S ASSIGNS A2 TO LOUISVILLE/JEFFERSON COUNTY MSD (KY) $105 M SEWER & DRAINAGE SYSTEM REVENUE BONDS, SERIES 2008A MOODY 2008-05-06
Global Credit Research New Issue # MAY #### New Issue: Louisville&Jefferson Co.Metro.Swr MOODY'S ASSIGNS A# TO LOUISVILLE/JEFFERSON COUNTY MSD (KY) $### M SEWER & DRAINAGE SYSTEM REVENUE BONDS, SERIES ####A AFFIRMS A# RATING ON $#.#B...
Humana Inc. Humana Inc. 2008-05-06
...Humana Inc. (Humana) (NYSE:HUM), based in Louisville, Kentucky, is a full service benefits solution company, offering a wide array of health and supplemental benefit plans to employer groups, government benefit programs, and individuals through a variety of traditional and consumer-choice plans including administrative services products (ASO), pr eferred provider organizations (PPO), health maintenance organizations (HMOs) and private fee-for-service (PFFS). The company also offers specialty produc ts such as dental, vision, life, and disability to complement it s core health offerings. Humana operates in ## major markets and Puerto Rico, and has members in all ## states as a result of its Medicare ex pansion. Its three principal operating subsidiaries are: Humana Insurance Company (domiciled in Wisconsin), Humana Medical Plan Inc. (domiciled in Florida), and Humana Health Plan Inc. (domiciled in Kentucky). As of December ####, Humana reported medical health plan membership...
Capital Auto Receivables Asset Trust 2008-2 Capital Auto Receivables Asset Trust 2008-2 2008-05-06
...Moody's provisional ratings of the securities to be issued by Capital Auto Receiv- ables Asset Trust ####-# are based on the following factors: The high quality of the $#.# billion s ecuritized pool, which mainly consists of low-interest subvened retail auto loans for the purchase of primarily new vehicles The subordinated notes that provides enhancement to more senior notes The non-declining overcollateralization that will be equal to #.##% of the initial aggregate receivables principal balance The fully funded non-declining reserve fund that will be initially funded at #.##% of the initial aggregate receivables principal balance The strength of the transaction stru cture and the experience of GMAC LLC as servicer The available excess spread in the transaction In addition, the provisional ...
NACIONAL FINANCIERA S.N.C. (English) NACIONAL FINANCIERA S.N.C. (English) 2008-05-06
...Moody's has assigned a first-time trustee qu ality (TQ) rating of TQ#.mx to Nacional Financiera (Nafin), a financial institution headquartered in Mexico City that provides trustee services for local structured finance transactions. The TQ#.mx rating denotes Nafin's strong management capability of entrusted assets for the benefit of the trust certifi cate holders. The modifier ".mx" indicates that the TQ rating is a Mexican national s cale rating; therefore, it can only be com- pared to other TQ ratings within M xico. The TQ#.mx assigned to Nafin is the highes t TQ rating that can be assigned to a Mexican trustee and is based primarily on the following: The organization is a significant partic ipant in the Mexican market for trustees, as a result of its sound organizational structure and business strategy. It also has an experienced management team wi th several years of experience in the capital and structured finance markets in Mexico. Strong ability to perform the trustee's ro le...
NACIONAL FINANCIERA S.N.C. (Spanish) NACIONAL FINANCIERA S.N.C. (Spanish) 2008-05-06
...Moody's asign por primera vez una califi caci n de calidad fiduciario (TQ por sus siglas en ingl s) de ...
Moody's assigns provisional ratings to DaimlerChrysler Auto Trust 2008-B Moody 2008-05-06
Global Credit Research Rating Action # MAY #### Rating Action: DaimlerChrysler Auto Trust ####-B Moody's assigns provisional ratings to DaimlerChrysler Auto Trust ####-B Approximately $#.# billion of asset-backed securities affected...
Moody's Fully Supported Municipal & IRB Deals Moody 2008-05-06
Global Credit Research Announcement # MAY #### Announcement: Moody's Fully Supported Municipal & IRB Deals New York, May ##, #### -- ASSIGNMENTS Miami-Dade County Industrial Development Authority, Industrial Dev