(Bloomberg) -- Moody's Investors Service may cut $5
billion of collateralized debt obligations backed by subprime
mortgage-backed securities.
The rating actions affect 184 pieces of 91 CDOs,
representing about 3.6 percent of CDOs containing asset-backed
securities that are rated by Moody's, the ratings company said in
a statement today. Moody's yesterday cut ratings on $5.2 billion
of subprime bonds.
Read more at Bloomberg Bonds News
billion of collateralized debt obligations backed by subprime
mortgage-backed securities.
The rating actions affect 184 pieces of 91 CDOs,
representing about 3.6 percent of CDOs containing asset-backed
securities that are rated by Moody's, the ratings company said in
a statement today. Moody's yesterday cut ratings on $5.2 billion
of subprime bonds.
Read more at Bloomberg Bonds News
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