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S&P Credit Research451 word report
published Apr 16, 2007
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) April 16, 2007--Standard&Poor's Ratings Services today placed its rating on the class A-2 notes issued by Embarcadero Aircraft Securitization Trust (EAST) on CreditWatch with positive implications. At the same time, the rating on the class A-1 notes was placed on CreditWatch with negative implications (see list). Both ratings formerly had negative outlooks. The CreditWatch actions reflect recent asset sales, which have resulted in increased amortization to the class A-2 notes while reducing the future lease stream available to pay the class A-1 notes. EAST is backed by a pool of 32 aircraft operating leases originated by Lehman Bros. Inc. and GATX Capital Corp. in 2000. Since 2002, lessee defaults, reductions in aircraft lease
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| Brief Excerpt: | RESEARCH Ratings Definitions Embarcadero Aircraft Securitization Trust Ratings On Watch Pos And Watch Neg After Asset Sales Publication date: 16-Apr-2007 NEW YORK (Standard & Poor's) April 16, 2007--Standard & Poor's Ratings Services...
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| Report Type: | Ratings Action
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| Issuer: | Embarcadero Aircraft Securitization Trust
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| Sector: | Asset-Backed Securities, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Embarcadero Aircraft Securitization Trust Ratings Lowered On 2 Classes; Outlooks Are Negative $100.00
NEW YORK (Standard&Poor's) Nov. 11, 2008--Standard&Poor's Ratings Services today lowered its ratings on the class A-1 and A-2 notes from series 2000-1 issued by Embarcadero Aircraft Securitization Trust to 'B-' from 'B' and to 'B-' from 'BBB-', ...
- S&PCORRECT: Embarcadero Aircraft Securitization Trust Series 2000-1 Notes Ratings Affirmed $175.00
NEW YORK (Standard & Poor's) Jan. 22, 2007--Standard & Poor's Ratings Services affirmed its ratings on Embarcadero Aircraft Securitization Trust's (EAST) $507.62 million fixed- and floating-rate notes series 2000-1 (see list). The affirmations ...
- Embarcadero Aircraft Securitization Trust Class C Ratings Lowered; A-1/A-2 Remain Unchanged $175.00
NEW YORK (Standard & Poor's) Feb. 18, 2005--Standard & Poor's Ratings Services today lowered its rating on Embarcadero Aircraft Securitization Trust's (EAST) class C notes to 'D' from 'CC' after the class C noteholders did not receive their ...
- Embarcadero Aircraft Trust Class A Rating Cut; Off Wtch; Outlook Neg; Class C Rating Unchanged $175.00
NEW YORK (Standard & Poor's) March 24, 2004--Standard & Poor's Ratings Services today lowered its ratings on Embarcadero Aircraft Securitization Trust's (EAST) class A-1 and A-2 floating-rate notes to 'BB' from 'BBB' and removed them from CreditWatch, ...
- Embarcadero Aircraft Securitization Trust Ratings Placed on CreditWatch Negative $175.00
NEW YORK (Standard & Poor's) March 15, 2004--Standard & Poor's Ratings Services today placed its ratings on Embarcadero Aircraft Securitization Trust's (EAST) class A-1, A-2, and C notes on CreditWatch with negative implications. The rating ...
- Rating Lowered on B Notes of Aircraft Securitization EAST; A and C Notes Remain on Watch Neg $100.00
LONDON (Standard&Poor's) March 19, 2003--Standard&Poor's Ratings Services said today it lowered its rating on Embarcadero Aircraft Securitization Trust's (EAST) class B notes to 'D' from 'CC', after the class B noteholders did not receive their ...
- Embarcadero Aircraft Securitization Trust's Class B Series 2000-1 Notes Rating Lowered $175.00
NEW YORK (Standard & Poor's) Nov. 5, 2002--Standard & Poor's Ratings Services today lowered its rating on Embarcadero Aircraft Securitization Trust's (EAST) class B floating-rate notes series 2000-1 to double-'C' from triple-'C'-minus. The ...
- Embarcadero Aircraft Securitization Trust 2000-1 Ratings Lowered and Remain on CreditWatch Neg $175.00
NEW YORK (Standard & Poor's) July 11, 2002--Standard & Poor's today lowered its ratings on Embarcadero Aircraft Securitization Trust's (EAST) floating-rate notes series 2000-1, classes A, B, and C. The ratings remain on CreditWatch where they ...
