S&P: Ratings Discontinued On 79 Classes From 34 CDO Transactions Following Note Paydowns
Today's discontinuances follow the notes' complete paydowns as reflected in the most recent trustee-issued note payment reports for each transaction:ABCLO 2007-1 Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. AMAC CDO Funding I (CF CDO of CMBS): senior-most tranches paid down; other rated tranches still outstanding. Apidos CDO V (CF CLO): optional redemption in July 2016.Ares XI CLO Ltd. (CF CLO): optional redemption in July 2016.Babson CLO Ltd. 2016-I (CF CLO): class X notes(i) paid down; other rated tranches still outstanding. Babson CLO Ltd. 2007-I (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Denali Capital CLO VI Ltd. (CF CLO): optional redemption in July 2016.Dryden XVI Leveraged Loan CDO 2006 (CF CLO): optional redemption in July 2016.Fore CLO Ltd 2007-1 (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. Global Leveraged Capital Credit Opportunity Fund I (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Golden Knight II CLO Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. Goldman Sachs Asset Management CLO PLC (CF CLO): optional redemption in July 2016.Grant Grove CLO Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. GSC Group CDO Fund VIII Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Gulf Stream-Compass CLO 2007 Ltd. (CF CLO): optional redemption in July 2016.Inwood Park CDO Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. JFIN CLO 2007 Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Landmark IX CDO Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Liston Funding 2010-1 Ltd. (CF SC retranche): senior-most tranche paid down; other rated tranches still outstanding. Marlborough Street CLO Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. Mountain Capital CLO VI Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. MSIM Peconic Bay Ltd. (CF CLO): optional redemption in July 2016.Nautique Funding Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Neuberger Berman CLO XXI Ltd. (CF CLO): class X notes(i) paid down; other rated tranches still outstanding. One Wall Street CLO II Ltd. (CF CLO): last remaining rated tranches paid down. Pangaea CLO 2007-1 Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. PPM Grayhawk CLO Ltd. (CF CLO): senior-most tranche paid down; other rated tranches still outstanding. Rampart CLO 2007 Ltd. (CF CLO): optional redemption in July 2016.Rosedale CLO Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. Shasta CLO I Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. Shinnecock CLO 2006-1 Ltd. (CF CLO): senior-most tranches paid down; other rated tranches still outstanding. Sorin Real Estate CDO IV Ltd. (CF CDO of CMBS): senior-most tranche paid down; other rated tranches still outstanding. Spring Road CLO 2007-1 Ltd. (CF CLO): last remaining rated tranche paid down. Symphony CLO VII Ltd. (CF CLO): optional redemption in July 2016.(i)An "X note" within a CLO is generally a note with a principal balance intended to be repaid early in the CLO's life using interest proceeds from the CLO's waterfall.
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