S&P places six Asia-Pacific CDOs on CreditWatch negative

Standard & Poor’s has placed the ratings of six Asia-Pacific synthetic CDOs on CreditWatch negative. The agency affirmed the ratings on two other CDOs.

The Asia-Pacific CDOs placed on CreditWatch negative are Arlo Ltd Series 2006 (Opus – 1); Corsair (Jersey) No2 Ltd Series 69; Echo Funding Pty Ltd Series 19; Echo Funding Pty Ltd Series 20; Echo Funding Pty Ltd Series 21; and Obelisk Trust 2006-1 Eden.

S&P affirmed the AA- rating on Obelisk Trust 2005-1, and the BBB- rating on Security Holding

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