(Reuters) - Nicolas Weill, team managing director and chief credit
officer at Moody's, said the agency is increasing its loss
expectations for newly originated loans by 10 percent, and for
other loans to as high as 25 percent.
Moody's on Tuesday cut ratings of 399 mortgage-backed
securities and may cut ratings of another 32, affecting a total
of $5.2 billion in debt. For details, see [ID:nN10336254]
Read more at Reuters.com Bonds News
officer at Moody's, said the agency is increasing its loss
expectations for newly originated loans by 10 percent, and for
other loans to as high as 25 percent.
Moody's on Tuesday cut ratings of 399 mortgage-backed
securities and may cut ratings of another 32, affecting a total
of $5.2 billion in debt. For details, see [ID:nN10336254]
Read more at Reuters.com Bonds News
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