(Bloomberg) -- Moody's Investors Service may cut $5
billion of collateralized debt obligations after lowering the
ratings of the subprime mortgages that make up the securities.
A downgrade would affect 184 pieces of 91 CDOs, representing
about 3.6 percent of rated CDOs containing asset-backed
securities, Moody's said in a statement today. Moody's yesterday
sliced ratings on $5.2 billion of subprime bonds that back the
CDOs.
Read more at Bloomberg Bonds News
billion of collateralized debt obligations after lowering the
ratings of the subprime mortgages that make up the securities.
A downgrade would affect 184 pieces of 91 CDOs, representing
about 3.6 percent of rated CDOs containing asset-backed
securities, Moody's said in a statement today. Moody's yesterday
sliced ratings on $5.2 billion of subprime bonds that back the
CDOs.
Read more at Bloomberg Bonds News
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