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S&P Credit Research20376 word report
published Nov 18, 2008
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$500.00 available for immediate download
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S&P Credit Research
| Abstract: | Rating activity in third-quarter 2008 remained significant and predominantly negative among global structured securities rated by Standard&Poor's Ratings Services. As has been the case in recent periods, rating performance in the third quarter continued to reflect the overall distress in the global financial markets and mirrored the credit quality of the collateral underlying the rated deals. Disruption in the financial services sector added to the credit challenges in the quarter, and the Sept. 15 bankruptcy filing of Lehman Bros. Holdings Inc. had a particularly negative effect on rated collateralized debt obligation (CDO) transactions. Downgrades among U.S. RMBS again exceeded 8,000, and the upgrade-to-downgrade ratio among North American CMBS compressed to 0.11 to 1, its lowest level thus far
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings Roundup: Third-Quarter 2008 Global Structured Finance Performance Trends Publication date: 18-Nov-2008 Global Contact Information Analyst Sector Location Phone number E-mail address Stephen Anderberg...
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| Report Type: | Commentary
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Global Issuers, Real Estate Companies, Residential MBS, Servicer Evaluations, Structured Finance
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
