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51 U.S. CLO Ratings Put On Watch Positive, Three U.S. CDO Ratings Put On Watch Negative After Monthly Review Sep 10
Standard & Poors, Sep 2010
Abstract
OVERVIEW We placed our ratings on 51 tranches from 29 U.S. CLO transactions on CreditWatch with positive implications following our monthly review of U.S. cash flow and hybrid CDO performance. We also placed our ratings on three tranches from three U.S CDO transactions on CreditWatch with negative implications following our monthly review. Today's CreditWatch positive placements reflect a number of factors, including paydowns and an increase in the transactions' overcollateralization ratios. Our CreditWatch negative placements reflect a number of factors, including credit deterioration and negative rating actions on underlying U.S. subprime RMBS. The affected tranches have a total issuance amount of $8.453 billion. NEW YORK (Standard & Poor's) Sept. 14, 2010--Standard & Poor's Ratings Services today placed its ratings on...
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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