17.06.2013 18:42:00
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Moody's Concludes Review with No Negative Action on Chaves SME, Portuguese SME ABS
Frankfurt am Main, June 17, 2013 -- Moody's Investors Service has today confirmed the respective Ba2 (sf) and Caa2 (sf) ratings of the Class B and Class C notes issued by Chaves SME CLO No. 1 (Chaves SME). At the same time, the rating agency affirmed the Baa3 (sf) rating of the Class A notes and the respective Ca (sf) and C (sf) ratings of the Class D and Class E notes. Adequate credit enhancement, which protects against sovereign risk and weak performance, primarily drove the rating action.