ABN AMRO's so-called socially responsible CDO, which was set to hit the market June 10, has yet to launch. The CDO is reported to have been held up by snags occurring after the corporate credit downgrades of Ford Motor Co. and General Motors Corp.

While the deal did not reference the corporate names of either Ford or GM, the CDO referenced more than a dozen corporate names within the automotive sector, such as DaimlerChrysler AG, and Volkswagen AG, according to its term sheet. A spokeswoman for ABN AMRO did not return a request for comment.

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