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- S&P Cuts Ratings of Prime-Jumbo Mortgage Bonds
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From Bloomberg: S&P Cuts, Reviews $6 Billion of Prime-Jumbo Mortgage Bonds (no link yet) Standard & Poor’s cut or threatened to cut the ratings on almost $6 billion of securities backed by prime “jumbo” mortgages …Ratings on 125 classes of [prime-jumbo] bonds created in the first half of 2007 … were downgraded … Ratings on 156 classes were put under review. … Ninety percent of the securities put under review are AAA rated ……
Original Source
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22 May, 2008| housingblogs |
@ 21:48