Information  X 
Enter a valid email address

White Tower Eur 07-1 (IRSH)

  Print      Mail a friend

Friday 08 June, 2012

White Tower Eur 07-1

Notice of Downgrading

RNS Number : 0008F
White Tower Europe 2007-1 Plc
08 June 2012
 

 

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE BENEFICIAL OWNERS OF THE NOTES.  IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER

 

IRISH STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release                                                                                                                  

                                                                                                                                  8th June 2012

 

WHITE TOWER EUROPE 2007-1 P.L.C.

(the "Issuer")

 


  Euro 258,750,000 Class A Commercial Mortgage Backed Floating Rate Notes due 2015

Euro 25,450,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2015

Euro 25,200,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2015

Euro 25,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2015

Euro 15,150,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2015                                                    

(together the "Notes")

 

 

Reference is made to the issue of notes by the Issuer pursuant to a Prospectus dated 30 May 2007 (the "Prospectus").

 

The Issuer announces that Fitch Ratings Limited ("Fitch") has on 6 June 2012, downgraded four classes of the Issuer's notes (the "Downgraded Notes") to the following:

 

Class of Notes:             Fitch                                        Fitch

Old Rating                                New Rating

 

Class B                         Asf                                           Bsf

Class C                        BBsf                                         CCsf

Class D                         CCCsf                                       CCsf

Class E                         CCsf                                         Csf

 

Enquiries to:

Structured Finance Management (Ireland) Limited,

1 Grant's Row,

Lower Mount Street,

Dublin 2.

directors-ie@sfmireland.com

As Company Secretary for

White Tower Europe 2007-1 P.L.C.

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ISEUWAARURANRAR