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TEXT-S&P cuts Morgan Stanley Managed ACES SPC 2006-10
2012年10月4日 / 晚上8点53分 / 5 年前

TEXT-S&P cuts Morgan Stanley Managed ACES SPC 2006-10

Oct 4 - Standard & Poor's Ratings Services today lowered its ratings on the
class IB and IC notes from Morgan Stanley Managed ACES SPC 2006-10 To 'D (sf)'
from 'CCC- (sf)' (see list).
    
The lowered ratings follow recent credit events that affected the 
transaction's underlying reference entities, which caused the notes to incur 
partial principal losses.

STANDARD & POOR'S 17G-7 DISCLOSURE REPORT

SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating 
relating to an asset-backed security as defined in the Rule, to include a 
description of the representations, warranties and enforcement mechanisms 
available to investors and a description of how they differ from the 
representations, warranties and enforcement mechanisms in issuances of similar 
securities. The Rule applies to in-scope securities initially rated (including 
preliminary ratings) on or after Sept. 26, 2011.

If applicable, the Standard & Poor's 17g-7 Disclosure Report included in this 
credit rating report is available atRELATED CRITERIA AND RESEARCH
     -- Global Structured Finance Scenario And Sensitivity Analysis: The 
Effects Of The Top Five Macroeconomic Factors, Nov. 4, 2011
     -- Criteria: Structured Finance: CDOs: Revised Methodologies And 
Assumptions For Global Synthetic CDO Surveillance, Sept. 30, 2010
     -- Revised Methodologies And Assumptions For Global Synthetic CDO 
Surveillance, Sept. 30, 2010
     -- Methodology: Credit Stability Criteria, May 3, 2010
     -- Update To Global Methodologies And Assumptions For Corporate Cash Flow 
And Synthetic CDOs, Sept. 17, 2009
     -- General Criteria: Understanding Standard & Poor's Rating Definitions, 
June 3, 2009

RATINGS LOWERED

Morgan Stanley Managed ACES SPC
Series 2006-10
                 Rating  
Class           To   From
IB              D    CCC- (sf)
IC              D    CCC- (sf)

我们的标准汤森路透“信任原则”
0 : 0
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