Fitch Withdraws Ratings on Regent Street Finance Limited.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- 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. has withdrawn the ratings on the following classes of Regent Street
Regent Street is a major shopping street and thoroughfare in London's West End. Finance Limited, effective immediately: --EUR93,550,000 class A-1 'A+'; --EUR120,000,000 class A-2 'A-'; --EUR112,500,000 class B 'BBB'; --EUR105,000,000 class C 'BB'; --EUR82,500,000 class D 'CCC'; --EUR67,500,000 class E 'CC'; --EUR40,000,000 class F 'CC'; --EUR37,500,000 class G 'CC'; --EUR30,000,000 class H 'CC'. The issuer announced noteholder approval of an amendment removing Fitch fitch: see polecat. as a rating agency from certain documents of the transaction. As a result of this amendment, Fitch does not expect to receive future reporting for this transaction. Fitch's policy on withdrawing ratings is to take into consideration whether it has access to sufficient information in assessing the credit quality of the notes. If Fitch decides to cease providing ratings, it will withdraw the ratings using the most current methodology and opinion on the credit risk of the notes. In this case, Fitch has decided to withdraw its ratings on these notes. Fitch released its updated criteria for corporate CDOs on April 30, 2008. 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.fitchratings.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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion