CDO Ratings to Fall as Losses Trigger Fitch Overhaul (Update4)

Story date: 2008-02-05 08:34:00
Added on: 2008-02-05 10:00:35

Bloomberg - Fitch, a unit of Fimalac SA in Paris, lowered $67 billion of mortgage-linked CDOs in November, slashing some AAA debt to speculative grade, or junk. ``Fitch is acknowledging that it was overly optimistic in its default rate and other ...


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