A review of the RMBS assets contained within CBASS CBO Ltd.
Standard & Poor's has reviewed the results of current cash flow runs generated for CBASS CBO Ltd.
As per the contract, the CBASS work will be carried out by the Lockheed Martin's Marion, Mass.
Navy has awarded more than $70 million for functional item replacement kits, engineering services, spares, and production support material, since the CBASS program was first awarded to Lockheed Martin in 2011.
A review of the RMBS assets contained within CBASS CBO II's collateral pool was completed using Standard & Poor's LEVELS (R), an analytical tool used to evaluate and assess credit risk in residential mortgage loans.
In addition, CBASS CBO II has benefited from an increase in overcollateralization available to support the rated notes since the transaction was originated.
Providing engineering support on the CBASS
FIR kits, the company will also provide warranty on the equipment.
On a positive note, Standard & Poor's raised its rating on the class B notes issued by CBASS
The CBASS upgrades dramatically enhance the performance and capabilities of the MK 48, said Tom Jarbeau, Lockheed Martin program director.
facility will perform the CBASS work, with additional support from other company locations, including Manassas, Va.
May 31, 2002-- Standard & Poor's today raised its rating on the class B notes issued by CBASS
The company serves such customers as AEW Capital Management, MONY, Riesbeck Food Markets, CBASS
, Merit Behavioral, and Chartwell Re.