| Abstract: | LONDON (Standard&Poor's) Sept. 19, 2008—Standard&Poor's Ratings Services said today that it has placed its credit ratings on three European synthetic collateralized debt obligation (CDO) tranches on CreditWatch with negative implications (see list below). These CreditWatch negative placements follow the downgrading of Lehman Brothers Holdings Inc. (LBHI) to 'D' on Sept. 16, 2008. LBHI acts as guarantor in the three listed transactions. These actions are in addition to the European rating actions taken on Sept. 17, 2008, in relation to the insolvency of LBHI. As explained in that media release, "S&P Takes Multiple Rating Actions On European Securitizations After Lehman Insolvency", the resolution of the CreditWatch negative actions will depend on whether solutions will be presented to
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On Three European Synthetic CDOs Put On CreditWatch Negative After Lehman Insolvency Publication date: 19-Sep-2008 Surveillance Credit Analysts: Nicola Dobson, London (44) 20-7176-3879; nicola_dobson@standardandpoors...
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| Report Type: | Ratings Action
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| Ticker: | 1134Z@NA
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| Issuer: | Lehman Brothers Treasury Co. B.V.
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| GICS: | Investment Banking & Brokerage (40203020)
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
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| Country: | Netherlands
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| Region: | United States
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