GC Asia
Sydney Street Synth CDO Downgraded
Fitch Ratings has downgraded five classes of Sydney Street Finance, a managed synthetic collateralized debt obligation, and affirmed four others.
Fitch Ratings has downgraded five classes of Sydney Street Finance, a managed synthetic collateralized debt obligation, and affirmed four others. Fitch explained that since the last portfolio trades executed in October, roughly 46.3% of the referenced portfolio has seen negative credit migration. Four of the classes were downgraded
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