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Fitch Rates ALESCO Preferred Funding XIII, Ltd./Inc.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- Fitch assigns the following ratings to ALESCO Preferred Funding XIII, Ltd. and ALESCO Preferred Funding XIII, Inc. (collectively, ALESCO XIII):

--$7,500,000 class X first priority senior secured floating rate notes due 2016 'AAA';

--$250,800,000 class A-1 first priority senior secured floating rate notes due 2037 'AAA';

--$55,200,000 class A-2 second priority senior secured floating rate notes due 2037 'AAA';

--$80,000,000 class B deferrable third priority secured floating rate notes due 2037 'AA';

--$27,000,000 class C-1 deferrable fourth priority mezzanine mez·za·nine  
n.
1. A partial story between two main stories of a building.

2. The lowest balcony in a theater or the first few rows of that balcony.
 secured floating rate notes due 2037 'A-';

--$33,000,000 class C-2 deferrable fourth priority mezzanine secured fixed/floating rate notes due 2037 'A-';

--$23,000,000 class D-1 deferrable fifth priority subordinate secured floating rate notes due 2037 'BBB';

--$3,000,000 class D-2 deferrable fifth priority subordinate secured fixed/floating rate notes due 2037 'BBB'.

For more information, please see the new issue report titled 'ALESCO Preferred Funding XIII, Ltd./Inc.,' available on Fitch's web site at www.derivativefitch.com. Additional information about the collateral manager is also available on the web site.

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide.
 of such ratings are available on the agency's public site, www.derivativefitch.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental  are also available from the 'Code of Conduct' section of this site. Fitch means Fitch, Inc., 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.
, Ltd. and their subsidiaries including Derivative Fitch, Inc. and Derivative Fitch Ltd. and any successor or successors thereto there·to  
adv.
1. To that, this, or it.

2. Archaic In addition to that; furthermore.


thereto
Adverb

Formal

1. to that or it

2.
.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 2006
Words:273
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