Nearly $7 Bln Of CDOs Downgraded

23 Aug 2010

Standard & Poor’s Ratings Services has downgraded another $6.94 billion in collateralized debt obligations as a result of deteriorating credit.

Standard & Poor’s Ratings Services has downgraded another $6.94 billion in collateralized debt obligations as a result of deteriorating credit. In the latest round, 22 tranches from 11 U.S. cash flow and hybrid CDO transactions experienced lowered ratings. Four of the transactions were mezzanine structured finance CDOs of ...

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