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S&P Credit Research853 word report
published Nov 06, 2009
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S&P Credit Research
| Abstract: | OVERVIEW The rating withdrawal follows the early termination of the notes. CRAFT JSS 2003-3 is a European CDO transaction. LONDON (Standard&Poor's) Nov. 6, 2009--Standard&Poor's Ratings Services today withdrew its 'AAA' credit rating on the €30 million junior super senior credit-linked floating-rate series JSS 2003-3 notes issued by CRAFT JSS 2003-3 Ltd. The withdrawal follows the early termination of these notes, which took place on March 17, 2008. We recently received notification from the arranger of the full redemption of notes. RELATED RESEARCH Update To Global Methodologies And Assumptions For Corporate Cash Flow And Synthetic CDOs, Sept. 17, 2009 Refinements To Standard&Poor's Synthetic CDOs CreditWatch And Upgrade Policy, Sept. 15, 2006 CDO Spotlight: Synthetic ROC
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| Brief Excerpt: | RESEARCH Ratings Definitions Rating Withdrawn On CRAFT JSS 2003-3's Series JSS 2003-3 European CDO Notes Publication date: 06-Nov-2009 Surveillance Credit Analysts: Rebecca Mun, London (44) 20-7176-3613; rebecca_mun@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | CRAFT JSS 2003-3 Ltd.
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| Sector: | Structured Finance
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| Country: | Cayman Islands
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| Region: | Latin America
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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.
