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199 Ratings On 126 U.S. Cash Flow CDOs Placed On Watch Negative And Three On Watch Positive Following Monthly Review May 09
Standard & Poors, May 2009
Abstract
OVERVIEW -- We placed our ratings on 199 tranches from 126 U.S. cash flow CDO transactions on CreditWatch negative and on three tranches on CreditWatch positive following our monthly review of U.S. cash flow CDO performance. -- The CreditWatch negative placements largely affect corporate loan CLO transactions, many of which have seen a decrease in collateral credit quality in recent months due to speculative-grade corporate downgrades and defaults. -- The CreditWatch positive placements affect older vintage transactions that are benefiting from paydowns to their senior note balances. NEW YORK (Standard & Poor's) May 11, 2009--Standard & Poor's Ratings Services today placed its ratings on 199 tranches from 126 U.S. cash flow collateralized debt obligation (CDO) transactions on CreditWatch with negative...
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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