Fitch Withdraws Ratings on Two Classes of Newcastle CDO VIII
KEY RATING DRIVERS
The rating withdrawals are the result of note cancellations. The noteholders surrendered these notes to the trustee for cancellation.
RATING SENSITIVITIES
The transaction has been fully liquidated at the June 2015 payment date. All classes have either been paid in full or cancelled.
DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to this rating action.
Fitch has withdrawn the following ratings:
--Class XI at 'CCCsf; RE 0%;
--Class XII at 'CCsf; RE 0%.
The class S, I-A, I-AR, I-B, II, III, V, VIII, IX-FL, IX-FX, and X certificates have paid in full. The ratings on classes IV, VI, and VII were previously withdrawn. Fitch does not rate the Preferred Shares.
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