(Bloomberg) -- Emerging-market bonds were little
changed after Moody's Investors Service lowered the credit
ratings on $5.2 billion of bonds backed by subprime mortgages.
Developing nation debt fell yesterday as Moody's downgrades
and Standard & Poor's warning that it may cut ratings on $12
billion of subprime securities triggered aversion to risky
assets. Investors are concerned housing woes may hamper U.S.
economic growth, curbing demand for exports of emerging-market
countries.
Read more at Bloomberg Bonds News
changed after Moody's Investors Service lowered the credit
ratings on $5.2 billion of bonds backed by subprime mortgages.
Developing nation debt fell yesterday as Moody's downgrades
and Standard & Poor's warning that it may cut ratings on $12
billion of subprime securities triggered aversion to risky
assets. Investors are concerned housing woes may hamper U.S.
economic growth, curbing demand for exports of emerging-market
countries.
Read more at Bloomberg Bonds News
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