In its latest CDO market update report, Morgan Stanley calculates that the nine new events of default experienced by ABS CDOs brings the total of CDO issuance that has suffered an event of default to $218 billion. The report says that only 30 of the 209 deals with an event of default have been liquidated, but that another 31 have received a liquidation notice.
September 2008
News: Protection sellers look to challenge ACA settlement; The return of pure credit funds; Natixis hires top name for credit push
People: Structured veterans launch firm; Credit Suisse loses flow head; Start-up hires structurer
Analysis: Settling credit events; Write-downs pass $400 billion
Profiles: Babson Capital Europe
Comment: Fishknife; Wolseley
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