Fitch Affirms Two Classes of St. George CDO Funding I Ltd.CHICAGO -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. affirms two classes of notes issued by St. George CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the Funding I Ltd. (St. George). These affirmations are the result of Fitch's review process. The following rating actions are effective immediately: -- $24,760,000 class A-1 notes affirmed at 'AA'; -- $6,540,000 class A-2 notes affirmed at 'AA'. St. George is a collateralized debt obligation Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, (CDO), which closed in December 1999. St. George's Noun 1. St. George's - the capital and largest city of Grenada capital of Grenada Grenada - an island state in the West Indies in the southeastern Caribbean Sea; an independent state within the British Commonwealth collateral pool is composed of subordinate classes from other CDOs. The ratings of the two classes are based solely on the rating of the insurer, Commercial Guaranty Assurance, Ltd. (CGA (Color/Graphics Adapter) The first video display standard for the IBM PC. This low-resolution system was superseded by EGA and then VGA. CGA required a digital RGB Color Display monitor. See PC display modes. CGA - Color Graphics Adapter ). Currently, Fitch rates CGA 'AA', see press release entitled 'Fitch Affs Commercial Guaranty Assurance, Ltd. 'AA' IFS Rtg', dated March 18, 2004 and available on the Fitch Ratings web site at www.fitchratings.com. Additional deal information and historical data, along with the Fitch VECTOR Model report, 'Global Rating Criteria for Collateralized Debt Obligations,' dated Sept. 13, 2004, is also available at www.fitchratings.com. |
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