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274 Ratings On 162 U.S. Cash Flow CDO Transactions Placed On Watch Negative Following Monthly Review Jun 09
Standard & Poors, June 2009
Abstract
OVERVIEW -- We placed our ratings on 274 tranches from 162 U.S. CDO deals on CreditWatch with negative implications and the rating on one tranche on CreditWatch positive following our monthly review of U.S. cash flow CDO performance. -- We initiated the CreditWatch actions, for the most part, on tranches from corporate loan CLO transactions because of recent declines in collateral credit quality. -- The CreditWatch positive placement reflects increased credit support as a result of paydowns the tranche experienced. NEW YORK (Standard & Poor's) June 3, 2009--Standard & Poor's Ratings Services today placed its ratings on 274 tranches from 162 U.S cash flow collateralized debt obligation (CDO) transactions on CreditWatch with negative implications. At the same time, we placed...
Action: On CreditWatch:Negative
Action: On CreditWatch:Positive
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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