UPDATE 1-S&P cuts $23.5 bln subprime RMBS from H1 2007
Story date: 2007-10-17 01:47:00
Added on: 2007-10-17 16:16:50
Reuters - NEW YORK, Oct 17 - Standard & Poor's slashed the credit ratings on $23.35 billion of subprime U.S. residential mortgage-backed securities on Wednesday as loans made to risky borrowers during this year's first half deteriorated. The ratings downgrades ...
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