The CDO at the center of the fraud case against Goldman Sachs is known as ABACUS 2007-AC1, and a class of its debt was cut to 'D' from 'CCC-' by Standard Poor’s in May 2009.

That cut to 'D' might have been the most recent rating action taken on this specific transaction. ASR sister publication Investment Dealers Digest obtained a copy of the downgrade report on Friday.

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