Bangkok--27 Apr--Moody's Investors Service
Approximately EUR400 Million of CDO Notes Rated
Moody's Investors Service announced today that it has assigned the following ratings to the notes issued by Castle Finance I Limited:
- Aa1 to the Series 1 EUR132,903,226 Floating Rate Secured Credit Linked Notes due 2011
- Aa3 to the Series 2 EUR154,838,710 Floating Rate Secured Credit Linked Notes due 2011
- A3 to the Series 3 EUR112,258,065 Floating Rate Secured Credit Linked Notes due 2011
This transaction is a synthetic collateralized debt transaction, arranged by ABN AMRO Bank N.V (ABN, rated Aa3/P-1 by Moody's). ABN acts as the credit default swap (CDS) counterparty as well as the asset swap counterparty in this transaction. According to Moody's, the ratings address the expected loss posed to investors by the legal final maturity date.
Moody's Investors Service is a publisher of rating opinions and research. It is not involved in the offering or sale of any securities, nor is it acting on behalf of the offering party. This release is not a solicitation or a recommendation to buy, hold or sell securities.
Hong Kong
Min Ye
Managing Director
Structured Finance Group
Moody's Asia Pacific Ltd.
JOURNALISTS: (852) 2916-1150
SUBSCRIBERS: (852) 2916-1121
Hong Kong
Elaine Ng
Analyst
Structured Finance Group
Moody's Asia Pacific Ltd.
JOURNALISTS: (852) 2916-1150
SUBSCRIBERS: (852) 2916-1121