Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
Moody's downgrades Neptune CDO III notes
(The following statement was released by the rating agency)
May 19 - Moody's Investors Service announced today that it has downgraded and placed on review for possible further downgrade the ratings on the following notes issued by Neptune CDO III, Ltd. Class Description: U.S. $270,000,000 Class A-1 Floating Rate Senior Secured Notes Due 2046 Prior Rating: Aa1, on review for possible downgrade Current Rating: Ba3, on review for possible downgrade Class Description: U.S. $42,000,000 Class A-2 Floating Rate Senior Secured Notes Due 2046 Prior Rating: A2, on review for possible downgrade Current Rating: Caa2, on review for possible downgrade Class Description: U.S. $36,000,000 Class A-3 Floating Rate Senior Secured Notes Due 2046 Prior Rating: Baa2, on review for possible downgrade Current Rating: Caa3, on review for possible downgrade Additionally, Moody's downgraded the following notes: Class Description: U.S. $14,000,000 Class B Floating Rate Subordinate Secured Deferrable Notes Due 2046 Prior Rating: Ba1, on review for possible downgrade Current Rating: Ca Class Description: U.S. $19,000,000 Class C Floating Rate Junior Subordinate Secured Deferrable Notes due 2046 Prior Rating: Ba2, on review for possible downgrade Current Rating: C According to Moody's, the rating actions reflect increased deterioration in the credit quality of the underlying portfolio.
