(Bloomberg) -- Fitch Ratings said it may downgrade
$7.1 billion of bonds because of rising delinquencies and
defaults on subprime mortgages.
The company put 170 subprime transactions ``under
analysis,'' indicating that they may be cut. Ratings of 19
collateralized debt obligations were placed on review for a
downgrade, Fitch, a unit of Paris-based Fimilac SA, said today in
an e-mailed statement.
Read more at Bloomberg Bonds News
$7.1 billion of bonds because of rising delinquencies and
defaults on subprime mortgages.
The company put 170 subprime transactions ``under
analysis,'' indicating that they may be cut. Ratings of 19
collateralized debt obligations were placed on review for a
downgrade, Fitch, a unit of Paris-based Fimilac SA, said today in
an e-mailed statement.
Read more at Bloomberg Bonds News
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