(Bloomberg) -- Standard & Poor's may downgrade an
additional $1 billion of collateralized debt obligations as part
of its reassessment of rated investments in the mortgage market,
bringing the total amount of CDOs under review to $5.7 billion.
S&P added 33 pieces of 10 CDOs to a list of issues it's
considering for downgrades, the New York-based ratings firm said
in a statement today. S&P already cut ratings on more than
$2 billion of CDOs holding derivatives of subprime-and second-
mortgage bonds that the company downgraded earlier this month as
late payments on the underlying loans exceeded its expectations.
Read more at Bloomberg Bonds News
additional $1 billion of collateralized debt obligations as part
of its reassessment of rated investments in the mortgage market,
bringing the total amount of CDOs under review to $5.7 billion.
S&P added 33 pieces of 10 CDOs to a list of issues it's
considering for downgrades, the New York-based ratings firm said
in a statement today. S&P already cut ratings on more than
$2 billion of CDOs holding derivatives of subprime-and second-
mortgage bonds that the company downgraded earlier this month as
late payments on the underlying loans exceeded its expectations.
Read more at Bloomberg Bonds News
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