S&P Releases CDO Manager Focus on ING Capital Mgt Ltd.Business Editors LONDON--(BUSINESS WIRE)--Standard & Poor's Sept. 11, 2002--Standard & Poor's Ratings Services Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. has released a 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 Manager Focus report for ING Capital Management, Ltd. (ICML (International Conference on Machine Learning) An annual conference devoted to algorithms used in self-learning systems. Since its inception in 1983, ICML is held in North America or Europe. See ECML. ). The report is issued in conjunction with the rating of the Copernicus European CDO II B.V. transaction, which is expected to be launched later this year. Established earlier this year, ICML is part of the European franchise of ING Capital Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. ), but operates as a separate business unit under the ING Group ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ING once stood for Internationale Nederlanden Groep. umbrella. Gordon Wright Gordon Wright (April 24, 1912 - January 11, 2000) was a U.S. historian. He has worked on modern European history, particularly French history. He was elected president of the American Historical Association in 1975. , an associate director at Standard & Poor's Investment Services group in London, commented that, although ICML's performance record is relatively short, initial indications are promising. "Copernicus Euro CDO I B.V., a cash flow CDO transaction managed by ICML and with assets consisting primarily of corporate loans, is continuing to meet its transaction-specific tests," he said. Standard & Poor's CDO Manager Focus is a comprehensive report of a CDO manager's capabilities and track record developed through in-depth site visits and evaluation of past transactions. The capability report sections focus on organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. , management team depth and expertise, organizational investment strategy, CDO management style, including investment process, and operations. Evaluations of past transactions focus on the performance of each outstanding CDO in the relevant asset class by evaluating default rates, covenant breaches, par erosion trends, sales and purchase prices, and portfolio credit quality and diversification. This report, along with all other CDO Manager Focus reports issued to date, can be found on RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com, by searching for keyword "CDO Manager Focus", or on Standard & Poor's Web site, at www.standardandpoors.com, by selecting Forum, then, under Ratings Commentary, Structured Finance, and finally, Collateralized Obligations/Derivatives Ratings. Standard & Poor's has also published "CDO Manager Quality: A Critical Consideration" to explain in greater detail its approach to conducting the Manager Focus and the benefits of this analysis. This research article is available on RatingsDirect and on www.standardandpoors.com. Inquiries regarding the ING Capital Management, Ltd. CDO Manager Focus Report should be directed to the analysts listed below. ANALYTICAL E-MAIL ADDRESSES gordon_wright@standardandpoors.com mario_jadotte@standardandpoors.com zoe_brunson@standardandpoors.com Copyright 2002, Standard & Poor's Ratings Services |
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