Quality | 2010.03.08
Fitch Downgrades 4 & Affirms 2 Classes of Ischus CDO II, Ltd./LLC.
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded four and affirmed two classes of notes issued by Ischus CDO II, Ltd./LLC (Ischus II) due to deterioration in the credit quality of the portfolio since last review. A detailed list of rating actions follows at the end of this release. As of the February 2010 trustee report, the current balance of the portfolio is $226.3 million including $160.4 million in defaulted securities as defined in the transaction\'s governing documents. Defaulted secu
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