Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Joshua Barber of Stifel Nicolaus.
Joshua Barber - Stifel Nicolaus
I was wondering if you guys could give us a little bit of an update on your OC and IC tests given the amount of down grades we've seen from the rating agencies since December 31st. Have any of those failed any additional tests?
Kenneth Riis
Yeah, then you will see this in the 10-K. We don't redo the chart but we talk specifically, and I know it's about the current position of them. And currently portfolios seven, eight and nine are failing; although we expect to be able to fix eight before the next determination date. And if you read the 10-K later today that'll kind of give you some more guidance on the future there.
Joshua Barber - Stifel Nicolaus
Okay. And just in respect to your liquidity, what other assets would you have available if you needed to monetize some assets just either repay that or to meet your funded commitments, if you needed to at some point later this year?
Kenneth Riis
You will see in the 10-K our table of unlevered assets with a segment of the unlevered assets. There is not much; most of its budgeted (ph) at this point that you can refer to the 10-K later.
Joshua Barber - Stifel Nicolaus
Thanks.
Operator
Your next question comes from Matthew Howlett of Fox-Pitt Kelton.
Matthew Howlett - Fox-Pitt Kelton
Alright guys, thanks for taking my question and congratulations on getting the term financing on the CDO facility. Just getting back to the CDO triggers, have you looked at, haven't got chance to read the K. So to make sure that's in there but on CDO X, XI where you have most of your basic capital. And then also I guess, five and six, those are primarily seasoned CMBS assets and is it, and probably announced can you look out to really next year too and if you're pretty confident that those won't be downgraded and eventually thrift or may be been able to model that out?
Kenneth Riis
It's very difficult, this is Ken, and its very difficult to project out what the ratings is going to do relating to the downgrades of assets. What we do, do is in our credit analysis, we impair assets that we think will have credit impairment over the license that's holding them or to maturity. So that's all the best that I can help you with regarding that.
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