Quality | 2010.02.20
Fitch Downgrades 5 & Affirms 4 Classes of Crystal River CDO 2005-1, Ltd.
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded five and affirmed four classes of notes issued by Crystal River CDO 2005-1, Ltd. (Crystal River 2005-1) 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 January 2010 trustee report, the current balance of the portfolio is $201.8 million including $189.9 million in defaulted securities as defined in the transaction\'s governing docume
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