by Calculated Risk on 7/23/2007 07:19:00 PM

Is it Friday? The downgrades are coming every day now! (hat tip Cal)

From Reuters: Moody's cuts CSFB Home Equity tranches

Moody's Investors Service cut 22 CSFB Home Equity Asset Trust securities on Monday while placing 32 other classes under review for downgrade, citing an increasing rate of delinquent loans.

Also from Reuters: S&P may cut $1.76 bln in ABS CDOs backed by subprime

Standard & Poor's on Monday said it may cut $1.76 billion in collateralized debt obligations backed by asset backed debt, citing exposure to residential mortgages that have undergone downgrades.

And the details from Standard & Poor's: Various Ratings On 8 Cash Flow, Hybrid CDOs Put On Watch Neg; $1.76 Billion In Notes Affected