Credit rating agency Standard & Poor's elaborated on its previously announced plans to cut 172 jobs, saying it will dismiss about 30 of its structured finance analysts by month's end.

The company announced its intentions in an email to employees late Thursday afternoon, market sources said.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.