The required number of obligors
covered ranges from 20 at 'AAAsf' to five at 'Bsf'.
Fitch also evaluated the top obligors
themselves, followed by an analysis of top obligor
exposures relative to the levels of available credit enhancement for each rating category at close, and throughout the life of the GE EMT 2006-1 transaction.
Credit DPCs have the ability to raise permanent equity capital and can sell credit protection on highly rated obligors
to multiple counterparties on an ongoing basis,' said Dunetz.
Under the previous formula and guidelines, an obligor
paid child support based on a percentage of his or her net income.
is the person who is obligated to pay the support ordered by the court and the obligee is the person entitled to receive the support awarded by the court.
18) From September to December 2007 the DCSE collected $109,000 from 171 child-support obligors
during the first three months using the Illinois Department of Natural Resources new point-of-sale system,"which enables a licensing agency to identify deadbeat parents who apply for hunting or fishing licenses.
Credit analysts, risk and portfolio managers, researchers and compliance officers often want to know how obligors
are linked to securities in the market, in order to determine the parties responsible for paying/guaranteeing debt service.
1) The borrower is unable to service the existing loan according to its terms and is a resident of a foreign country in which there is a generalized inability of public and private sector obligors
to meet their external debt obligations on a timely basis because of a lack of, or restraints on the availability of, needed foreign exchange in the country; and
This test applies to changes in co-obligors
, certain collateral and obligors
in reorganizations to which Sec.
Similar to the analysis detailed above, Fitch applied loss and recovery expectations to the performing obligors
based on collateral type and historical recovery performance.
Standard & Poor's today stated that the recent terrorist attacks at the World Trade Center in New York may negatively affect the ratings of a number of outstanding CDO transactions in the near-term future if obligors
within certain industry categories, particularly the airline industry and the lodging industry, experience significant downward credit migration or defaults due to the impact on their businesses.
The Court indicated that the interests exchanged by the taxpayers were materially different because they were derived from loans made to different obligors
and secured by different properties.