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278 Ratings From 157 U.S. Cash Flow CDO Transactions Put On CreditWatch Negative Following Monthly Cash Flow Review Mar 09
Standard & Poors, March 2009
Abstract
NEW YORK (Standard & Poor's) March 24, 2009--Standard & Poor's Ratings Services today placed its ratings on 278 tranches from 157 U.S cash flow and hybrid collateralized debt obligation (CDO) transactions on CreditWatch with negative implications following its monthly review of transaction performance (see list below). The majority of the transactions affected by the CreditWatch placements are collateralized loan obligation (CLO) transactions (138 of the 158 transactions), and the remaining are corporate bond CBO transaction (one), CDO of CDO transactions (13), CDOs of CMBS (four), and mezzanine SF CDOs of ABS (one). In aggregate, the affected tranches have a total issuance amount of $5.93 billion. Today's CreditWatch placements follow our most recent monthly review of U.S. cash flow CDO performance....
Action: On CreditWatch:Negative
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.
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