MESA WEST CAPITAL CDO, LTD. & LLC RATING DOWNGRADES NOTIFICATION

Date8-Jun-2010


NOTICE OF RATINGS DOWNGRADE

 

Mesa West CDO 2007-1

Class A-1, A-2 Notes

Class B Notes

Class C Notes

Class D Notes

Class E Notes

Class F Notes

Class G Notes

Class H Notes  

Class J Notes

Class K Notes

 

To:                   Cayman Stock Exchange

 

From:              Wells Fargo Bank, N.A., as trustee (“Wells Fargo”)           

 

Re:                   That certain Indenture dated as of February 27, 2007 (the “Indenture”) among Mesa West Capital CDO, Ltd., as Issuer, Co-Issuer, Mesa West Capital, LLC as Advancing Agent and Wells Fargo as Trustee, Paying Agent, Calculation Agent, Transfer Agent, Custodial Security Intermediary, Backup Advancing Agent, and Note Registrar

 

Date:               June 07, 2010

 

Pursuant to Section 7.16(iii) of the Indenture, you are hereby notified of rating changes related to Mesa West CDO 2007-1, Ltd.  The Class A-1, A-2, B, C, D, E, F, G, H, J and K ratings were downgraded by Standard and Poor’s on June 1, 2010.  Capitalized terms used in this notice and not otherwise defined shall have the meanings assigned thereto in the Indenture.

 

CLASS

CUSIP

PRIOR S&P

 RATING

NEW S&P

 RATING

A-1

59066XAA2

AAA

BBB

A-2

59066XAC8

AAA

BB+

B

59066XAE4

AA

BB+

C

59066XAG9

A+

BB

D

59066XAJ3

A

BB

E

59066XAL8

A-

BB-

F

59066XAN4

BBB+

B+

G

59066XAQ7

BBB

B+

H

59066XAS3

BBB-

B+

J

59066XAU8

BB

B

K

59066XAW4

B

B-

WELLS FARGO MAY CONCLUDE THAT A SPECIFIC RESPONSE TO PARTICULAR INQUIRIES FROM INDIVIDUAL HOLDERS IS NOT CONSISTENT WITH EQUAL AND FULL DISSEMINATION OF MATERIAL INFORMATION TO ALL HOLDERS.  WELLS FARGO MAKES NO RECOMMENDATIONS AND GIVES NO INVESTMENT ADVICE HEREIN OR AS TO THE NOTES OR PREFERENCE SHARES GENERALLY.