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S&P Credit Research1152 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services today said 643 rated U.S. synthetic collateralized debt obligations (CDOs) and 12 rated U.S. cash flow and hybrid CDOs have collateral exposure to CIT Group Inc. (CIT), which Standard&Poor's downgraded to 'D' on Nov. 2, 2009. In addition, three publicly rated U.S. nontraditional structured credit transactions--CIT Aviation Finance I Ltd., CIT Aviation Finance II Ltd., and CIT Small Business Loan Trust 2008-1--have exposure to CIT Group Inc. entities acting as servicer, and CIT is the backup servicer on two other nontraditional structured credit transactions: RASPRO Trust 2005's class B notes series 2005-1 and RASPRO Class G Pass Through Trust 2005-1. On July 21, 2009, we placed
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| Brief Excerpt: | RESEARCH Ratings Definitions S&P Reports CIT Group Exposure In 655 Rated U.S. CDOs And Five Rated U.S. Nontraditional Structured Credit Transactions Publication date: 03-Nov-2009 Primary Credit Analysts: Cristal E Jones, New York...
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| Report Type: | News
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| Sector: | Structured Finance
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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.
