Moody's rates Nassau's first, second, third priority floating rate notes 'Aaa' |
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Mon, 26 Feb 2007 13:24
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LONDON (AFX) - Moody's Investors Service said it has assigned the 'Aaa' rating to Nassau CDO I Ltd's A-1A and A-1B first priority senior secured delayed draw floating rate notes of 600 mln usd each, both due 2051.The rating agency also assigned 'Aaa' ratings to the 120 mln usd A-2 and 111 mln usd A-3 senior secured floating rate notes, due 2051.Moody's has assigned 'Aa2' rating to the 36 mln usd Class B fourth priority senior secured floating rate notes, 'A2' rating to the 10 mln usd Class C fifth priority mezzanine secured floating rate notes, 'Baa2' rating to 5 mln Class D sixth priority mezzanine secured floating rate notes and 'Ba1' rating to 18,000 preference shares of 0.01 usd per share.Moody's said the ratings reflect the risks of diminishing cash flows from RMBS Securities, CDO obligations, CMBS Securities and other ABS Securities due to defaults, the transaction's legal structure and the characteristics of the underlying assets.newsdesk@afxnews.comnpr/akuCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Moodys assigns definitive rating to two VCL's asset-backed notes 