TEXT-S&P takes various rating actions on Jubilee CDO VII's notes

Tue Apr 10, 2012 7:24am EDT

STANDARD & POOR'S 17G-7 DISCLOSURE REPORT

SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description of how they differ from the representations, warranties and enforcement mechanisms in issuances of similar securities. The Rule applies to in-scope securities initially rated (including preliminary ratings) on or after Sept. 26, 2011.

If applicable, the Standard & Poor's 17g-7 Disclosure Report included in this credit rating report is available here.

RELATED CRITERIA AND RESEARCH

-- European Structured Finance Scenario And Sensitivity Analysis: The Effects Of The Top Five Macroeconomic Factors, March 14, 2012

-- Global Structured Finance Scenario And Sensitivity Analysis: The Effects Of The Top Five Macroeconomic Factors, Nov. 4, 2011

-- Counterparty And Supporting Obligations Update, Jan. 13, 2011

-- Counterparty And Supporting Obligations Methodology And Assumptions, Dec. 6, 2010

-- Update To Global Methodologies And Assumptions For Corporate Cash Flow And Synthetic CDOs, Sept. 17, 2009

-- CDO Spotlight: General Cash Flow Analytics for CDO Securitizations, Aug. 25, 2004

-- CDO Spotlight: 'A-1' Short-Term Rating Required for Investors in CDO Variable Funding Notes, May 24, 2004

RATINGS LIST

Class Rating

To From

Jubilee CDO VII B.V.

EUR500 Million Secured Floating-Rate Notes

Rating Raised

C A (sf) A- (sf)

Ratings Affirmed

A-T AA+ (sf)

A-R AA+ (sf)

B AA- (sf)

D BBB- (sf)

E BB- (sf)