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Cash Flow And Hybrid CDO Event Of Default Notices Received As Of June 15, 2011 Jun 11 Product Image

Cash Flow And Hybrid CDO Event Of Default Notices Received As Of June 15, 2011 Jun 11

  • ID: 1827129
  • June 2011
  • Standard & Poors

Abstract
As of June 15, 2011, Standard & Poor's Ratings Services had received notification from collateralized debt obligation (CDO) trustees of 442 events of default (EODs) on cash flow and hybrid mezzanine structured finance (SF) CDOs of asset-backed securities (ABS), high-grade SF CDOs of ABS, CDOs of commercial mortgage-backed securities (CMBS), and CDO of SF CDO transactions. Our list includes global cash flow and hybrid CDO transactions originated since 2001 that have experienced an EOD as a result of credit deterioration of recent-vintage ABS, either by directly holding notes from the ABS transactions or by holding notes from other CDO transactions that are in turn collateralized by ABS. The 442 transactions listed below for which we have received EOD notifications to...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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