CDO Created By Bear Is Liquidated

21 May 2010

A collateralized debt obligation that Bear Stearns Asset Management created has been liquidated after it defaulted on its payments.

A collateralized debt obligation that Bear Stearns Asset Management created has been liquidated after it defaulted on its payments. The CDO, Klio Funding, which Citigroup sold to investors in 2004, saw its once AAA-rated top two classes downgraded to C last year by Moody’s Investors Service. The underlying ...

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