Derivative Fitch has downgraded $37.2 billion of structured finance collateralised debt obligations across 84 transactions. The agency has also affirmed $6.9 billion of structured finance CDOs.
Fitch’s rating actions follow the completion of a review of 55 US and European structured finance CDOs executed on a synthetic basis, and 29 US and Asian structured finance CDOs executed on a cash/hybrid basis. Ratings on 66 US cash and hybrid structured finance CDOs remain on rating watch negative.
The week on Risk.net, July 7-13, 2018Receive this by email