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Thursday, August 09, 2007

S&P: U.S. cash-flow, hybrid CDOs on Negative Watch

by Calculated Risk on 8/09/2007 05:15:00 PM

From MarketWatch: S&P: 76 ratings on 19 U.S. cash-flow, hybrid CDOs may be cut (hat tip Gary)

Standard & Poor's Ratings Services on Thursday placed ratings on 76 tranches from 19 U.S. cash-flow and hybrid collateralized debt obligation transactions on creditwatch with negative implications. The affected tranches have a total issuance amount of $2.16 billion, the agency said.
It seems the pace of the Negative Watch or downgrade stories is picking up.