"When you have those two events together, that's enough of a warning to go ahead and signal the creditworthiness may have changed."
--Jeffery Cromartie, director Fitch Ratings, on a two-punch combo an insolvency filing by ISE Immotive Systems Europe and a two-year interest payment holiday to another portfolio company that has prompted Fitch to place a tranche of StaGe Mezzanine 2006-1 on negative watch.
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