Fitch: MassMutual/Darby CBO LLC Has Paid in Full.NEW YORK -- On the May 16, 2005 payment date, the remaining capital structure of MassMutual/Darby Darby, borough (1990 pop. 11,140), Delaware co., SE Pa., a suburb adjacent to Philadelphia; settled by Quakers 1682, inc. 1853. Although residential, it has some manufactures. One of the oldest settlements in the state, it retains many colonial landmarks. The Darby Library Company was founded in 1743 by Quakers. CBO CBO - Air Post Semipostal-Official (Scott Catalogue prefix; philately) CBO - Canadian Banking Ombudsman CBO - Carbon Black Oil CBO - Career Broadening Objectives CBO - Centraal Begeleidings Orgaan voor de Intercollegiale Toetsing (Dutch) CBO - Central Bank of Oman CBO - Certified Building Official CBO - Change in Beneficial Owner CBO - Chief Banking Officer (corporate title) CBO - Chief Branch Officer (corporate title) LLC was paid in full (PIF PIF - Program Information File (file extension) PIF - Pacific Islands Forum PIF - Packet Input FIFO (Cisco) PIF - Paid In Full PIF - Participant Information Form PIF - Pay Information File PIF - Pay It Forward (movie) PIF - Payload Integration Facility (NASA) PIF - Performance Influencing Factor PIF - Personal Info Form PIF - Personnel Identification Feature PIF - Personnel Information File PIF - Phase Interface Fading). The following rating actions are effective immediately: --$97,479,285 class A-2 notes to PIF from 'AA+'; --$38,200,000 class B notes to PIF from 'BB-'. MassMutual/Darby CBO LLC was a collateralized bond obligation Collateralized Bond Obligation (CBO) Investment-grade bonds backed by a collection of junk bonds with different levels of risk, called tiers, that are determined by the quality of junk bond involved. CBOs backed by highly risky junk bonds receive higher interest rates than other CBOs. (CBO) managed by Babson Capital Management LLC. The CBO closed in December 1997 and predominantly comprised high yield bonds, with a small allocation to high yield loans. Additional deal information and historical data are available on the Fitch Ratings web site at www.fitchratings.com. For more information on the Fitch VECTOR Model, see 'Global Rating Criteria for Collateralized Debt Obligations,' dated Sept. 13, 2004, also available at www.fitchratings.com. |
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