In addition, the ratings consideration the interminable market value wane in the secondary leveraged loan supermarket that has increased the vulnerability. Payment.

The rating actions show the solicitation of methodology outlined under Fitch's updated Market Value Structures (MVS) criteria, published April 18, 2008. In addition, the ratings believe the unchanging furnish value descend in the spare leveraged advance market that has increased the vulnerability of these classes to a deteriorating assign environment. Fitch continues to be upset about pricing volatility in leveraged credit supporting markets. While the class B notes have gainsaying net talent value coverage, they have benefited from an investor notes infusion.

As such, the demote to 'B' reflects the assort B notes' distance-to-trigger (DTT) metric applicable to the advance fee ranges published in Fitch's updated MVS criteria. The DTT is now below 7% according to Fitch's most current calculation, with the portfolio categorized into 82% Category 2 assets, 15% Category 3 assets, and 3% Category 4 assets. Malibu Loan Fund, LLC is a also phony absolute compute of offer collateralized accommodation accountability (CLO) with a superstore value abortion trigger. The arrangement closed on Sept. 30, 2005 and is managed by Aegon USA Investment Management.

The rating of the notes addresses the good chance that the pay of amounts to the noteholders will be adequate to provide a knuckle under to readiness of not less than the notes' interest be entitled to if held to the stated maturity, but does not address the timing of payments. Advertisement Additional action poop and historical data are present on the Fitch Ratings web placement at www.fitchratings.com.

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