(Reuters) - NEW YORK, July 19 - Standard & Poor's on Thursday
lowered its ratings on 10 portions of subprime-related debt to
junk, as part of a broader downgrade of U.S. residential
mortgage-backed securities.
The overall rating cuts on Thursday affect 75 so-called
synthetic collateralized debt obligations with exposure to U.S.
mortgages backed by subprime first-lien collateral, whose
ratings were lowered on July 12, S&P said.
Read more at Reuters.com Bonds News
lowered its ratings on 10 portions of subprime-related debt to
junk, as part of a broader downgrade of U.S. residential
mortgage-backed securities.
The overall rating cuts on Thursday affect 75 so-called
synthetic collateralized debt obligations with exposure to U.S.
mortgages backed by subprime first-lien collateral, whose
ratings were lowered on July 12, S&P said.
Read more at Reuters.com Bonds News
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