Industry News

Ratings services downgrade billions in subprime MBS

S&P changes affect 1% of last year's ratings
Published on Jul 13, 2007

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by CareyBot

Following up on a July 10 warning, Standard & Poor’s Ratings Services said Thursday it had downgraded $6.39 billion in mortgage-backed securities backed by subprime loans. The ratings agency said the downgrades involve 562 classes of mortgage-backed securities (MBS), including ...