CDOs Face Ratings Downgrade

Home » Blog » CDOs Face Ratings Downgrade

CDOs Face Ratings Downgrade

Paul Davies of reports that almost $6.5bn worth of complex debt securities face fresh downgrades by Standard & Poor’s because of their exposure to US mortgage-backed bonds, the credit rating agency said Friday.The news will add to the pain for investors in such instruments and follows downgrades issued to $3.7bn worth of similar instruments on Thursday from S&P. In all, the agency has either downgraded or placed on review more than $77bn worth of collateralised debt obligations (CDOs) that have direct exposure to the crisis in the US mortgage markets.

To read full article click here.

If you or someone you know lost money in a subprime mortgage or CDO investment, please contact the attorneys at The Frankowski Firm at 888-741-7503 to discuss your potential legal remedies.

Free Case Evaluation

Call 888-741-7503 now or fill out the form above
to receive a free confidential consultation.
TEXT US888.741.7503