AAA CLO Tranches Downgraded By Moody’s

10 Jun 2009

Moody’s Investors Service downgraded 13 AAA collateralized loan obligation tranches this week, in a move that affects about $2.2 billion in debt securities.

--Libby Sallaberry

Moody’s Investors Service downgraded 13 AAA collateralized loan obligation tranches this week, in a move that affects about $2.2 billion in debt securities. Some tranches were downgraded as many as six levels to A3.

This move has been widely anticipated since Moody’s placed a number of Aaa tranches ...

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