S&P Downgrades 50 U.S. ABS CDO Tranches

Standard & Poor’s has downgraded $2.3 billion of 50 tranches of 12 cash and hybrid collateralized debt obligations.

  • 17 Aug 2007

--Aaron Johnson

Standard & Poor’s has downgraded $2.3 billion of 50 tranches of 12 cash and hybrid collateralized debt obligations. The tranches were downgraded due to exposure to downgraded subprime residential mortgage-backed securities, according to the rating agency.

Four CDOs managed by GSC Group accounted for 20 of the ...

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