Moody's: Belle Haven ABS CDO 2005-1 ratings unaffected by Termination of Hedges.

New York, January 09, 2013 -- Moody's Investors Service has determined that termination by Belle Haven ABS CDO 2005-1, Ltd. (the "Issuer"), an SF CDO, effective as of January 10, 2013 of an existing interest rate hedge cap and interest rate swap agreement (the "Hedge Termination"), each evidenced by the confirmation dated as of June 23, 2005 and entered into between the Issuer and Lehman Brothers Special Financing Inc. and novated to Inter Europe Conseil (the "Hedge Counterparty") as of December 21, 2011, and performance of the activities contemplated therein, will not in and of themselves and at this time result in the reduction, withdrawal or other adverse action with respect to any current rating by Moody's of any Class of Notes issued by the Issuer. Moody's does not express an opinion as to whether the Hedge Termination could have non-credit-related effects.

Vollständigen Artikel bei Moodys lesen