Nov 23 - Link to Fitch Ratings' Report: Fitch Affirms 10 CLNs; Maintains 1
CLN on Rating Watch NegativeNov 23 - Fitch Ratings has affirmed 10 CLNs and maintained one on Rating
Watch Negative (RWN). A full list of rating actions is available at
www.fitchratings.com or by clicking on the link above.
CID Finance B.V. Series 54 has been maintained on RWN due to its exposure to
Unicaja Banco S.A.U ('BBB-'/'F3'/RWN). The affirmation of all other CLNs
reflects the counterparty's stable Long-term Issuer Default Ratings since their
respective last reviews.
The transactions are credit-liked to one or more risk-presenting entities as the
transaction's underlying reference entity, swap counterparty and eligible
investment. Fitch monitors the performance of these underlying risk-presenting
entities and adjusts the rating of each transaction accordingly.
Additional information is available at www.fitchratings.com. The ratings above
were solicited by, or on behalf of, the issuer, and therefore, Fitch has been
compensated for the provision of the ratings.
Applicable criteria 'Global Rating Criteria for Single- and Multi-Name
Credit-Linked Notes', dated 22 February 2012; 'Counterparty Criteria for
Structured Finance Transactions', dated 30 May, 2012; both available on
Applicable Criteria and Related Research:
Global Rating Criteria for Single- and Multi-Name Credit-Linked Notes
Counterparty Criteria for Structured Finance Transactions