Thursday, November 29, 2007

CDO cracks showing

S&P May Cut Six CDO Credit Ratings in Europe on Subprime Losses

Standard & Poor's said it may cut its credit ratings on six collateralized debt obligations in Europe because of losses on securities backed by U.S. subprime mortgages. S&P placed the ratings of 17 portions of CDOs on CreditWatch with negative implications, according to a statement

Posted by alan @ 07:58 AM (654 views)
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