Investment Business Weekly
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Fitch Affirms G-Star 2003-3 Ltd./Corp.
January 1st, 2012
Fitch Ratings has affirmed six classes issued by G-Star 2003-3 Ltd./Corp (G-Star 2002-2) as a result of stable performance on the underlying portfolio since the last rating action. A complete list of rating actions follows at the end of this release.
Since the last rating action in May 2011, approximately 1.3% of the collateral has been downgraded while 2.2% has been upgraded. Currently, 46.8% of the portfolio has a Fitch derived rating below investment grade and 37.5% has a rating in the 'CCC' category and below. Additionally, the class A-1 notes have received $10.7 million in paydowns for a total of $261.6 million in principal repayment since...
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Source: Investment Business Weekly (2012-01-01)