Events | 2009.09.03
Fitch Downgrades Salisbury 2005-14; Assigns Recovery Rating
NEW YORK--(BUSINESS WIRE)--Fitch Ratings downgrades and assigns a Recovery Rating (RR) to the sole class of notes issued by Salisbury International Investments Limited, series No: 2005-14 (Salisbury 2005-14). Salisbury 2005-14 experienced multiple Failure to Pay Principal Credit Events with respect to obligations within the reference portfolio. The cumulative cash settlement amount is $31,821,149.74. The cash settlement represents a 96.4% current write down or loss to the notes. The notes have b
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