Browsing Tag securitization default

Payment Default Impending on Yellow Pages Securitization

Another dubious milestone was reached on Friday: Local Insight Media Finance’s ratings were lowered to ‘D’ by S&P.  These downgrades follow a series of ratings reductions for these whole business securitizations backed by cash flow generated by yellow pages phone directories.  These ratings reflect the failure of these securitizations. The immediate cause of these downgrades were more…

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