PRESS RELEASE: S&P Withdraws Rtg On STARTS (Ireland) Series 2006-14 CDO Nts

25th Jun 2010 16:03

The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) June 25, 2010--Standard & Poor's Ratings Services today withdrew its 'AAAp' credit rating on STARTS (Ireland) PLC's EUR10 million principal protected credit-linked series 2006-14 notes. The withdrawal follows HSBC Bank PLC's--the arranger's--recent notification to us that the issuer had fully repurchased the notes. RELATED CRITERIA AND RESEARCH -- CDO Spotlight: Counterparty Risk In Structured Finance Transactions, March 7, 2005 -- Criteria For Rating Synthetic CDO Transactions, Sept. 12, 2003 Related articles are available on RatingsDirect and on Standard & Poor's CDO Interface at www.cdointerface.com. Criteria, presales, servicer evaluations, and ratings information can also be found on Standard & Poor's Web site at www.standardandpoors.com. 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(END) Dow Jones Newswires June 25, 2010 11:03 ET (15:03 GMT)