S&P May Downgrade Almost All U.S. CDOs Backed by Structured Debt
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Standard & Poor’s said it may lower almost all of the ratings it has assigned to U.S. collateralized debt obligations backed by structured-finance securities after a change in its methodology for grading the debt.
The bonds under review had $63 billion of balances at issuance, New York-based S&P said today in a statement.