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 CBO CBO See: Collateralized Bond Obligation. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control was paid in full (PIF (Program Information File) A data file in Windows 3.x and NT that stores window settings for DOS applications. It allows screen size, fonts and other options to be selected in order to customize the way the DOS app appears under Windows. ). 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. (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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