| Title: | European Cash CDOs Of ABS Review Q4 2007—As Expected, A Quiet Fourth Quarter For European CDOs Of ABS Issuance |
| Price: | $500.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Commentary |
| Abstract: | During Q4 2007, the performance of the European CDO of ABS market started to show signs of credit deterioration in some portfolios. However, with the exception of Bantry Bay CDO I PLC, Standard&Poor's Ratings Services did not downgrade any other European CDO of ABS tranche in that period. Since Q4 2007 into Q1 2008, the conditions and performance of the European CDO of ABS market have worsened and we will elaborate on this in our Q1 report, to be published in due course. Standard&Poor's Ratings Services did not assign any ratings to any European CDO of ABS transaction in Q4, a significant change from the same period in 2006, when we rated six transactions (three CDOs |
| Brief Excerpt: | RESEARCH Ratings Definitions European Cash CDOs Of ABS Review Q# ####aÇöAs Expected, A Quiet Fourth Quarter For European CDOs Of ABS Issuance Publication date: ##-Apr-#### Primary Credit Analysts: Mario Jadotte, London (##) ##-####-####;... |
| Word Count: | 3473 |
| Sector: | Structured Finance, Servicer Evaluations, Asset-Backed Securities, Collateralized Debt Obligations, Real Estate Companies, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
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