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 takes action on Orchid Structured Finance CDO II, LTD
(The following statement was released by the rating agency)
May 19 - Moody's Investors Service announced today that it has downgraded and left on review for possible further downgrade the ratings on the following notes issued by Orchid Structured Finance CDO II, LTD Class Description: U.S. $204,000,000 Class A-1 Floating Rate Senior Secured Notes Due 2043 Prior Rating: Aaa Current Rating: Aa1, on review for possible downgrade Class Description: U.S. $40,000,000 Class A-2 Floating Rate Senior Secured Notes Due 2043 Prior Rating: Aaa Current Rating: A3, on review for possible downgrade Class Description: U.S. $26,000,000 Class A-3 Floating Rate Senior Secured Notes Due 2043 Prior Rating: Aa2 Current Rating: Ba1, on review for possible downgrade Additionally, Moody's downgraded the following notes: Class Description: U.S. $15,000,000 Class B Floating Rate Deferrable Subordinated Secured Notes Due 2043 Prior Rating: A3 Current Rating: Ca According to Moody's, the rating actions reflect increased deterioration in the credit quality of the underlying portfolio.
