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Fitch Downgrades and Withdraws Ratings of Genesis CLO 2007-1 Ltd./Corp.

Publication: Business Wire
Publication Date: 23-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch Ratings downgrades and withdraws the ratings from notes issued by Genesis CLO 2007-1 Ltd./Corp. (Genesis). The following rating actions are effective immediately:

--$1,261,573,170 class A rating withdrawn from 'AAA'/Outlook Stable;

--$110,000,000 class B rating downgraded to 'A' from 'AA'/Outlook Negative, rating withdrawn;

--$70,000,000 class C rating downgraded to 'BBB' from 'A-'/Outlook...

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