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Standard & Poor's Ratings Services on Aug. 12 lowered its ratings on 93 tranches from 20 U.S. cash flow and hybrid collateralized debt obligation transactions.
Of these lowered ratings, the rating agency removed 45 from CreditWatch with negative implications.
Concurrently, the rating agency placed two ratings on CreditWatch negative, and affirmed two other ratings and removed them from CreditWatch negative.
Also, the ratings...