Ratings On Eight Emerging Market Future Flow Deals Lowered To 'AA- (sf)' Following Assured Downgrade; SPURs Unaffected

1405 word report published Dec 06, 2011

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OVERVIEW We lowered our ratings on eight emerging market future flow transactions to 'AA- (sf)' from 'AA+ (sf)' and removed them from CreditWatch negative. The downgrades follow the Nov. 30, 2011, lowering of our insurer financial enhancement ratings on Assured Guaranty Corp. and Assured Guaranty Municipal Corp. to 'AA-' from 'AA+' and our removal of those ratings from CreditWatch negative. The underlying ratings on the transactions are unaffected. NEW YORK (Standard&Poor's) Dec. 6, 2011--Standard&Poor's Ratings Services today lowered its ratings on eight emerging market future flow securitizations to 'AA- (sf) from 'AA+ (sf) and removed the ratings from CreditWatch with negative implications, where they were placed on Sept. 30, 2011 (see list). The Standard&Poor's

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RESEARCH Ratings Definitions PDF Ratings On Eight Emerging Market Future Flow Deals Lowered To '##- (sf)' Following Assured Downgrade; SPURs Unaffected Publication date: 06-Dec-2011 Primary Credit Analysts: Maria del Sol Gonzalez...

Report Type:

Ratings Action

Issuer:

Akbank Remittances Trust Securitization

Country:

Turkey

Region:

Europe, Middle East, Africa

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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.

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