Criteria Changes May Prompt More CDO Downgrades

17 Sep 2009

Changes in the criteria Standard & Poor’s uses for rating collateralized debt obligations has resulted in the downgrade watch of roughly 4,790 CDOs valued at $578 billion.

Changes in the criteria Standard & Poor’s uses for rating collateralized debt obligations has resulted in the downgrade watch of roughly 4,790 CDOs valued at $578 billion. Among the changes, aimed at making CDO ratings more comparable to those in other sectors, are new tests to supplement its ...

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