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Issuers
Colonial BancGroup downgraded with receivership
Tuesday, August 18, 2009
Standard & Poor’s downgraded the counterparty credit rating of Colonial BancGroup from CC to D as the bank was placed under receivership by the Federal Deposit Insurance Corporation on Friday (14 August).
The bank also announced that day that it will be selling most of the assets and deposits of its primary subsidiary, Colonial Bank, to BB&T.
The group has been undergoing federal criminal investigation since 6 August for accounting irregularities.
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Trading
Funds
Structured
CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
