Hong Kong CDOs placed on ratings watch

March 10—Standard & Poor’s has placed the ratings on three Hong Kong synthetic collateralised debt obligations (CDOs) on credit watch with negative implications. The agency affirmed the ratings on two other Hong Kong CDOs.
The three CDOs placed on creditwatch negative are the Beryl Finance Series 2005-5, Omega Capital Investments Series 14 and Thunderbird Investments Series 22.

S&P said the actions are in line with changes to the format of its synthetic rated over-collateralisation (SROC) re

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