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120 Ratings On 81 U.S. Cash Flow And Hybrid CDO Transactions Placed On CreditWatch Negative Following Monthly Review Sep 09
Standard & Poors, Sep 2009
Abstract
OVERVIEW We placed our ratings on 120 tranches from 81 U.S. CDO deals on CreditWatch with negative implications following our monthly review of U.S. cash flow and hybrid CDO performance. The CreditWatch negative placements predominately affect corporate loan CLO transactions, which have experienced recent deterioration in collateral credit quality. The affected tranches have a total issuance amount of $5.598 billion. NEW YORK (Standard & Poor's) Sept. 2, 2009--Standard & Poor's Ratings Services today placed its ratings on 120 tranches from 81 U.S cash flow and hybrid collateralized debt obligation (CDO) transactions on CreditWatch with negative implications (see list). The CreditWatch placements follow our monthly review of U.S. cash flow and hybrid CDO transaction performance. Seventy-four of the affected transactions (91%)...
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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