Fitch Downgrades $18.4 Billion of 2006 Subprime Bonds (Update1) (Bloomberg.com)
Story date: 2007-10-03 01:49:43
Added on: 2007-10-03 15:17:15
Oct. 3 (Bloomberg) -- Fitch Ratings cut the credit ratings of $18.4 billion of bonds backed by subprime mortgages issued last year, citing an increased risk of default after an ``unprecedented'' slump in home prices.
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