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BBB News

News about BBB continually updated from thousands of sources around the net.

18 hrs ago | PR-inside.com

Fitch Downgrades $219.6MM from Crystal River CDO 2005-1 Ltd

The following rating actions are effective immediately: --$37,638,384 Class A Notes to 'A' from 'AAA'; --$44,750,000 Class B Notes to 'BBB' from 'AAA', and removed from Rating Watch Negative; --$20,500,000 ...

Comment?

Related Topix: Blues

Tue Jul 22, 2008

Newsday.com

Web site touting 'lock in' gas prices on fumes

A new Web site service offering drivers across the nation the chance to lock in gas prices -- a hedge against the ever-increasing cost of gasoline -- may be running on empty, after temporarily suspending ...

Comment?

Related Topix: Blues

Sun Jul 20, 2008

PR-inside.com

Fitch Takes Various Rating Actions on Morgan Stanley Capital I Trust 2006-IQ11

Class G and class H may be downgraded if expected recoveries on the specially serviced assets continue to decline or new loans become specially serviced.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Blues, Phoenix, AZ

Fri Jul 18, 2008

PR-inside.com

Fitch Takes Rating Actions on Greenwich Capital Commercial Funding Corp, Series 2006-FL4

The downgrade is a result of the Galleria Sheraton Metairie not performing to expectations.

Comment?

Related Topix: Home, Mortgage, Metairie, LA, Blues

Mon Jul 07, 2008

WTOP-FM Washington

Pre-pay gas option gets failing BBB grade

A company that offers a debit card that lets you pre-pay for as much gas as you want received an F from the Better Business Bureau.

Comment?

Related Topix: Blues

Tue Jul 01, 2008

Earth Times

Fitch Downgrades Autopista del Maipo Bonds to 'BBB(chl)'

SANTIAGO, Chile - Fitch Ratings today downgraded the bonds issued by Autopista del Maipo Sociedad Concesionaria S.A. and insured by MBIA Insurance Corp to 'BBB ' from 'AAA '. At the same time, Fitch has removed ...

Comment?

Related Topix: Blues, South America, Chile, World News,

Mon Jun 30, 2008

Earth Times

Fitch Downgrades AES El Salvador to 'BB+'; Outlook Negative

Fitch Ratings has downgraded AES El Salvador Trust's foreign and local currency Issuer Default Ratings to 'BB+' from 'BBB-'. The rating action applies to the US$300 million 6.75% Political Risk Protected bond ...

Comment?

Related Topix: Blues, Outsourcing, World News, Central America, El Salvador

Sat Jun 28, 2008

PR-inside.com

Fitch Downgrades 1 Class of LB 2006-LLF C5

Classes FLM, FRT-1, FRT-2, FRT-3, SFL and SMN have paid in full. The downgrade of Class L is due to declining performance of the Sheraton Keauhou Bay Resort & Spa , Praedium Rental Portfolio II , Praedium ...

Comment?

Related Topix: Home, Mortgage, Blues, Manhattan, NY, New York, NY, Harlem (New York, NY)

Fri Jun 27, 2008

Earth Times

Fitch Downgrades 9 Classes of Sydney Street Finance Limited Notes; Resolves Negative Watch

Fitch Ratings has today downgraded the class A1, A2, B, C, D, E, F, G, and H notes from Sydney Street Finance Limited , and removed them from Rating Watch Negative: -- EUR70,000,000 Class A1 to 'BBB' from ...

Comment?

Related Topix: Home, Mortgage, Personal Finance, Blues

Thu Jun 26, 2008

Virgin Islands Daily News

Standard & Poor's issues warning about WAPA bonds

Standard & Poor's rating service issued a negative outlook on V.I. Water and Power Authority's $197 million in outstanding bonds - a clear indication that the utility's chronic financial problems are battering ...

Comment?

Related Topix: Financial Markets, Blues

Tue Jun 24, 2008

Seeking Alpha

Asset-Backed Securities Can Withstand Higher Unemployment

Securities backed by credit card and automobile loans could withstand significant increases in unemployment from current levels before 'BBB' or 'AAA' bonds default, but downgrade risk persists, Fitch Ratings ...

Comment?

Related Topix: Blues, Financial Markets

Thu Jun 19, 2008

The Jambar

Trustees voice concern over university investments

Youngstown State University's board of trustees is concerned that their investments may be too risky.

Comment?

Related Topix: Blues

Tue Jun 17, 2008

Earth Times

Fitch Affirms N-Star Rel Cdo VIII, Ltd./LLC

Fitch affirms all classes of N-Star REL CDO VIII, Ltd./LLC floating-rate notes as follows: --$100,000,000 class A-1 affirmed at 'AAA' --$260,000,000 class A-R affirmed at 'AAA'; --$103,050,000 class A-2 ...

Comment?

Related Topix: Home, Mortgage, Blues, REIT, Energy, Nstar

Mon Jun 16, 2008

Business Wire

Fitch Downgrades 3 Classes of J.P. Morgan Chase Comm'l Mtge Securities Corp., Series 2005-CIBC12

Fitch Ratings downgrades and assigns a Distressed Recovery rating to the following classes of J.P. Morgan Chase Commercial Mortgage Securities Corp., series 2005-CIBC12: --$5.4 million class M to 'B' from 'B+'; ...

Comment?

Related Topix: Home, Mortgage, Personal Finance, Blues

Sat Jun 14, 2008

Mish's Global Economic Trend Analysis

S&P Lowers Ratings on 65 classes of Alt-A Securities

In a completely expected move is yet another S&P downgrade in Alt-A mortgage backed securities .

Comment?

Related Topix: Mortgage, Home, Blues

Thu Jun 12, 2008

Business Wire

Public relations, press release distribution, investor relations, SEC filing

NEW YORK & RIO DE JANEIRO, Brazil-- --Fitch Ratings has affirmed foreign- and local currency Issuer Default Rating of Votorantim Participacoes S.A. at 'BBB' and its - 06/05/2008 - 05:22 PM Collective Soul ...

Comment?

Related Topix: World News, Brazil, Blues, Morrison, CO

Tue Jun 10, 2008

Bloomberg

Bond Insurers CIFG Guaranty, FGIC, SCA Have Ratings Cut by S&P on Losses

Standard & Poor's took negative ratings actions on the bond insurance businesses of CIFG Guaranty, Security Capital Assurance Ltd.

Comment?

Related Topix: Blues, Environmental, Financial Services, Investment Services, Insurance, Pmi Group Inc, Financial Markets

Sun Jun 08, 2008

Housing Wire

More Downgrades to Monoline Bond Insurers Show Worst of Mortgage Crisis May Yet Lie Ahead

Standard & Poor's Ratings Services decided this week to reignite mortgage market worries surrounding monoline bond insurers, downgrading two AAA behemoths in MBIA Inc.

Comment?

Related Topix: Insurance, Blues, MBIA, Ambac Financial Group, Environmental, Mortgage, Personal Finance

Fri Jun 06, 2008

Earth Times

Fitch Affirms 1 & Downgrades 7 Classes from 3 CDC Subprime Transactions

Fitch Ratings has taken the following rating actions on CDC mortgage pass-through certificates.

Comment?

Related Topix: Mortgage, Personal Finance, Blues

Wed Jun 04, 2008

Business Wire

Fitch Affirms 28 & Downgrades 37 classes from 20 Morgan Stanley 2000-2002 Subprime Transactions

Fitch Ratings has taken the following rating actions on the following mortgage pass-through certificates.

Comment?

Related Topix: Personal Finance, Mortgage, Blues

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