The Recovery Rates For Credit In Global Synthetic CDOs quarterly report details the corporate reference obligors that have triggered credit events in global synthetic CDO transactions that we have rated. It also investigates trends in the recovery rates achieved on credit events, by industry, region, and credit event type.

These research articles are updated regularly and are available to subscribers of RatingsDirect®, Standard & Poor's Web-based credit research and analysis system, at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase individual copies of these reports by contacting RatingsDirect. Members of the media may request a copy of this report by contacting the media representative.

Ratings information can also be found on Standard & Poor's public Web site under Credit Ratings.