Moody's begins cutting some top-rated CDOs to junk
Story date: 2007-10-26 11:06:00
Added on: 2007-10-27 21:00:20
Reuters - Deteriorating mortgage loans were packaged into bigger, complex bonds known as CDOs that are now being cut and reviewed for further cuts. The ripple effect from an October 11 rating cuts may affect 461 CDOs in United States and 41 CDOs in Europe ...
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