12/19/2007

Standard & Poor's Ratings Services cut 156 ratings on 36 collateralized debt obligations. The CDOs have been hard-hit by write-downs at big banks and brokerage firms. "All are from CDOs of asset-backed securities (ABS) collateralized by structured finance securities, including U.S. residential mortgage-backed securities (RMBS)," S&P said.

Related Summaries