Various Rating Actions Taken On U.S. Synthetic CDOs After Review Jun 11
- ID: 2169828
- June 2011
- Region: United States
- Standard & Poors
OVERVIEW We raised our ratings on 66 tranches from 50 U.S. synthetic CDO transactions and removed 62 from CreditWatch positive. We lowered our ratings on 66 tranches from 25 U.S. synthetic CDO transactions and removed 26 from CreditWatch negative. One rating remains on CreditWatch negative. We affirmed our ratings on 31 tranches from 14 U.S. synthetic CDO transactions. The rating actions followed our monthly review of U.S. synthetic CDO transactions. NEW YORK (Standard & Poor's) June 29, 2011--Standard & Poor's Ratings Services today raised its rating on 66 tranches from 50 corporate-backed synthetic collateralized debt obligation (CDO) transactions and removed 62 of them from CreditWatch with positive implications. At the same time, we lowered our ratings on eight tranches from...
Action: CreditWatch Update
Action: On CreditWatch:Negative
Action: Removed From CreditWatch
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Research type: News
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