(Bloomberg) -- Standard & Poor's cut credit ratings
on $6.39 billion of bonds backed by subprime mortgages and Fitch
Ratings said it may cut $7.1 billion on expectations home-loan
defaults will increase.
S&P lowered ratings on 562 securities, including 64 that
were under scrutiny before this week. Fitch put 170 subprime
transactions ``under analysis,'' indicating that they may be cut.
Ratings of 19 collateralized debt obligations were placed on
review for a downgrade, Fitch, a unit of Paris-based Fimilac SA,
said today in a statement.
Read more at Bloomberg Bonds News
on $6.39 billion of bonds backed by subprime mortgages and Fitch
Ratings said it may cut $7.1 billion on expectations home-loan
defaults will increase.
S&P lowered ratings on 562 securities, including 64 that
were under scrutiny before this week. Fitch put 170 subprime
transactions ``under analysis,'' indicating that they may be cut.
Ratings of 19 collateralized debt obligations were placed on
review for a downgrade, Fitch, a unit of Paris-based Fimilac SA,
said today in a statement.
Read more at Bloomberg Bonds News
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