Another USD1.44 Billion In CDOs See Ratings Cut

12 May 2008

Standard & Poor’s has lowered its rating on another USD1.44 billion of U.S. collateralized debt obligations, bringing the total of downgrades to USD325.15 billion.

Standard & Poor’s has lowered its rating on another USD1.44 billion of U.S. collateralized debt obligations, bringing the total of downgrades to USD325.15 billion. The latest CDOs affected are all mezzanine structured finance obligations that were issued in 2006 and 2007 and, says S&P, have “significant ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial