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49 U.S. CDO Ratings Placed On CreditWatch Positive; Nine U.S. CDO Ratings Placed On CreditWatch Negative
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
OVERVIEW We placed our ratings on 49 tranches from 14 U.S. CDO transactions on CreditWatch positive. At the same time, we placed our ratings on nine tranches from six U.S. CDO transactions on CreditWatch negative. The CreditWatch placements follow our review of U.S. cash flow and hybrid CDO transactions. The issuance amount of tranches with ratings we placed on CreditWatch positive equals $2.885 billion. The issuance amount of tranches with ratings we placed on CreditWatch negative equals $1.536 billion. NEW YORK (Standard & Poor's) May 3, 2011--Standard & Poor's Ratings Services today placed its ratings on 49 tranches from 14 U.S. collateralized debt obligation (CDO) transactions on CreditWatch with positive implications. At the same time, we placed our ratings on...
Action: On CreditWatch:Negative
Action: On CreditWatch:Positive
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