Fitch Ratings downgrades and withdraws the rating on the class of notes
issued by ABSpoke 2005-VA, Ltd. (ABSpoke 2005-VA) as follows:
-- $0 ABSpoke 2005-VA variable floating rate notes downgraded to 'Dsf'
from 'Csf' and withdrawn.
The outstanding balance of the notes had been completely written down at
termination.
ABSpoke 2005-VA was a partially funded, synthetic collateralized debt
obligation (CDO) that closed on May 5, 2005. The transaction allowed
investors to achieve leveraged exposure to a diversified portfolio of
asset-backed securities.
Additional information is available at 'www.fitchratings.com'.
The ratings above were solicited by, or on behalf of, the issuer, and
therefore, Fitch has been compensated for the provision of the ratings.
The information used to assess these ratings was sourced from the
issuer, periodic trustee reports, note valuation reports, and the public
domain.
Applicable Criteria and Related Research:
-- 'Global Structured Finance Rating Criteria' (Aug. 4, 2011);
-- 'Global Rating Criteria for Structured Finance CDOs' (Oct. 6, 2011).
Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=646569
Global Rating Criteria for Structured Finance CDOs
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=651560
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF
THIS SITE.
