
Fitch first to report CDO exposure to WorldCom
Fitch has placed one or more tranches of 15 CDOs on ratings watch with negative implications. The number of tranches per transaction varies, from five tranches of the Eurostar I CDO placed on ratings watch, to one tranche of Marylebone Road CBO I.
In addition, Fitch identified a further four CDOs which are already on ratings watch with negative implications with exposure to WorldCom.
The full list of the CDOs placed on negative rating outlook are: BAC Synthetic CLO 2000-1; Brooklands Euro Referenced Linked Notes 2001-1; Dresdner RCM Caywood Scholl CBO I; Epoch 2000-1; Epoch 2001-1; Eurostar I; Helix Capital BV Series 2002-12; Marylebone Road I; Marylebone Road II; Northwestern Investment Management Company I; North Street Referenced Linked Notes 2000-1; North Street Referenced Linked Notes 2000-2; PPM America High Yield I; Shyppco Finance; and Solar Investment Grade II.
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