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Fitch Upgrades 2 and Affirms 1 Class of Pilgrim CLO 1999-1, Ltd.

Publication: Business Wire
Publication Date: 04-NOV-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch Ratings upgrades two classes and affirms one class of notes issued by Pilgrim CLO 1999-1 Ltd./Corp., (Pilgrim CLO 1999-1). The following rating actions are effective immediately:

--$23,283,102 class A notes affirmed at 'AAA';

--$60,000,000 class B notes upgraded to 'AA' from 'BBB+';

--$10,000,000 class C notes upgraded to 'BB+' from 'BB-'.

Pilgrim CLO 1999-1 is a collateralized debt obligation (CDO) which...

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