S&P Adds 10 CDOs To Negative Watch List

31 Jul 2007

Standard & Poor’s today placed on watch for possible downgrade 33 tranches of 10 cash and hybrid collateralized debt obligations because of their exposure to downgraded subprime residential mortgage-backed securities.

--Aaron Johnson

Standard & Poor’s today placed on watch for possible downgrade 33 tranches of 10 cash and hybrid collateralized debt obligations because of their exposure to downgraded subprime residential mortgage-backed securities. The CDO tranches on watch are valued at approximately $1.03 billion.

This month S&P downgraded a total ...

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