- Language: English
- Published: June 2011
- Region: Europe
Various Rating Actions Taken On European Synthetic CDO Tranches—May 2008 May 08
- Published: May 2008
- Region: Europe
- Standard & Poors
LONDON (Standard & Poor's) May 29, 2008Standard & Poor's Ratings Services said today that it has taken credit rating actions on 153 European synthetic collateralized debt obligation (CDO) tranches (see list below). Specifically, the ratings on: 122 tranches were removed from CreditWatch with negative implications and lowered; One tranche was lowered; One tranche was lowered and placed on CreditWatch negative; 28 tranches were lowered and remain on CreditWatch negative; One tranche was raised. Of the 152 tranches lowered: 39 reference U.S. residential mortgage-backed mortgages (RMBS) and U.S. CDOs that are exposed to U.S. RMBS, which have experienced recent negative rating actions; and 113 have experienced corporate downgrades in their portfolios. Rating Action Summary...
Action: CreditWatch Update
Action: On CreditWatch:Negative
Action: Removed From CreditWatch
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