Following its rating downgrade of Lehman Brothers Holdings long- and short-term Issuer Default Ratings (IDRs) to ‘D’ on its declaration of bankruptcy, Fitch Ratings is reviewing Lehman Brothers Holdings and subsidiaries’ counterparty exposure in global structured finance deals.

Meanwhile, credit default swap (CDS) counterparty, eligible security and reference entity exposure will be discussed in a separate commentary to be issued shortly by the rating agency.

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