Thursday, July 12, 2007

TCW Group, GSC Partners Manage the Most CDOs Facing Lower Credit Ratings

(Bloomberg) -- TCW Group Inc. and GSC Partners
created the most collateralized debt obligations that are now at
risk of having their credit ratings slashed because they are
backed by some of the worst-performing subprime mortgage bonds.

TCW of Los Angeles and GSC, a New York-based investment
firm, manage 12 CDOs that will likely have a portion of their
ratings cut, a report by Bear Stearns Cos. found. ACA Capital
Holdings Inc., Harding Advisory and Tricadia CDO Management each
have four.


Read more at Bloomberg Bonds News

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