S&P may cut CDOs with exposure to downgraded RMBS

(Reuters) - S&P may now cut its ratings on CDOs that are exposed to the
affected RMBS, the rating agency said in a statement.




The affected CDOs include pieces from ACA ABS 2003-1 Ltd.,
Arca Funding 2006-1 Ltd., Cherry Creek CDO I Ltd., Commodore
CDO Ltd., Diogenes CDO II Ltd., FAB US 2006-1 Plc., Gemstone
CDO VI Ltd., Helois Series I Multi Asset CBO Ltd., Independence
V CDO Ltd., Kefton CDO I Ltd., Northlake CDO I Ltd., Stack
2006-1 Ltd., STATIC Residential CDO 2006-B Ltd. and TABS 2006-6
Ltd.


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