USD7.9B CDOs On Fitch Downgrade Watch

Exposure to securities backed by certain risky mortgages has prompted Fitch Ratings to place USD 7.9 billion of U.S. collateralized debt obligations on downgrade watch. According to Fitch, 160 rated tranches from 49 transactions are affected, with 36 of the tranches rated triple-A, 22 at junk status and ...