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Fitch Downgrades 3 & Affirms 2 Classes of Northlake CDO I, Ltd./Corp.
NEW YORK -
Fitch Ratings has downgraded three classes and affirmed two classes of
notes issued by Northlake CDO I, Ltd./Corp. (Northlake I) as a result of
continued credit deterioration in the portfolio since Fitch's last
rating action in September 2008. Approximately 52.8% of the portfolio
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Fitch Downgrades Abacus 2007-18; Removes from Watch Negative
NEW YORK -
Fitch Ratings has downgraded and removed from Rating Watch Negative five
classes issued by Abacus 2007-18 as a result of significant negative
credit migration of the commercial mortgage backed securities (CMBS)
collateral within the reference portfolio. A complete list of rating
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Fitch Upgrades Tenneco's IDR to 'B'; Outlook Stable
NEW YORK -
Fitch Ratings has upgraded Tenneco Inc.'s (TEN) Issuer Default Rating
(IDR) and outstanding debt as follows:
-- IDR upgraded to 'B' from 'B-';-- Senior secured revolving
credit facility to 'BB/RR1' from 'B+/RR2';-- Senior secured term
loan to 'BB/R
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A.M. Best Assigns Ratings to Lakeview Insurance Company
OLDWICK, N.J. -
A.M. Best Co. has assigned a financial strength rating (FSR) of
B++ (Good) and an issuer credit rating (ICR) of “bbb” to Lakeview
Insurance Company (Lakeview). The outlook assigned to these ratings
is stable.
Concurrently, A.M.
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Fitch Downgrades 4 Classes of Commodore CDO II, Ltd./Corp.
NEW YORK -
Fitch Ratings has downgraded four classes and affirmed one class of
notes issued by Commodore CDO II, Ltd./Corp. (Commodore II) as a result
of continued credit deterioration in the portfolio since Fitch's last
rating action in August 2008. Approximately 57.4% of the portfolio has
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Fitch Downgrades 4 and Affirms 3 Classes of Vermeer Funding II
CHICAGO -
Fitch Ratings has downgraded four and affirmed three classes of notes
issued by Vermeer Funding II, Ltd./Corp. (Vermeer II) as a result of
continued credit deterioration in the portfolio since Fitch's last
rating action in February 2009. Approximately 84.7% of the portfolio has
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Fitch Rates Maryland's $50MM GO QSCBs and $5.6MM GO QZABs 'AAA'
NEW YORK -
Fitch Ratings assigns an 'AAA' rating to two series of State of Maryland
general obligation (GO) qualified tax credit bonds, consisting of:
--$50,320,000 qualified school construction bonds (QSCBs) of 2009 (tax
credit bonds);
--$5,563,000 qua
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Fitch Downgrades MSC 2006-SRR2; Removes from Watch Negative
NEW YORK -
Fitch Ratings has downgraded and removed from Rating Watch Negative 17
classes issued by MSC 2006-SRR2 as a result of significant negative
credit migration of the commercial mortgage backed securities (CMBS)
collateral within the reference portfolio. A complete list of rating
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