(PR-inside.com) Fitch Ratings has upgraded three and affirmed one class of Brascan Structured Notes 2005-2 (Brascan 2005-2) reflecting substantial paydown of the transaction's senior liabilities at the end of its reinvestment period. A detailed list of rating actions follows at the end of this release.The collateralized debt obligation (CDO) exited its reinvestment period on Dec. 15, 2010; at which time, uninvested principal proceeds of $124 million were used to pay down the senior liabilities of the transaction. Class A was paid in full; while class B received paydown of 71%. Further, class B is expected to be paid in full on ..
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