1. CDO dumping ground still sinking
- Author
-
Laing, Jonathan R.
- Subjects
ACA Capital Holdings Inc. -- Securities ,ACA Capital Holdings Inc. -- Finance ,Financial services industry -- Securities ,Financial services industry -- Finance ,Financial services industry ,Company securities ,Company financing ,Banking, finance and accounting industries ,Business - Abstract
The Nov 9, 2007 disclosure of the Standard & Poor that it could cut ACA Capital Holding's credit rating is weighing down on the stock's price especially since any rating below single-A-minus would be catastrophic for ACA. $69 billion worth of collateralized-debt-obligations could revert back to Wall Street banks if ACA Capital were to founder.
- Published
- 2007