Industry News

S&P downgrades another $2.3 billion in subprime CDOs

Investments rely on subprime loans for collateral
Published on Aug 17, 2007

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by CareyBot

Standard & Poor’s Ratings Services downgraded its ratings Thursday on $2.3 billion in collateralized debt obligations (CDOs) that rely in part on subprime mortgages for collateral. The new ratings on 50 tranches from 12 CDOs stem from earlier downgrades by ...