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S&P Cuts $23.4 Billion of 2007 Subprime, Alt-A Debt (Update3)

Story date: 2007-10-17 01:55:00
Added on: 2007-10-17 19:00:46


Bloomberg - The cuts were also on second-lien subprime loans, those given for second mortgages. While 2007 bonds don't have a long payment history, they are already demonstrating similar risks as 2006 securities, S&P said. S&P is ...


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