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CDO unravelling gathers pace as S&P cuts ratings
Duncan Kerr
04 Dec 2008
04 Dec 2008
 |
Friday
09 January 2009
06:07 GMT
Ratings agency Standard & Poor’s has cut the ratings of nearly 800 tranches of outstanding corporate debt pooled in complex European structured products, potentially pushing credit investors to dump their exposure to these instruments on the market.
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