Thursday, July 19, 2007

UPDATE 2-S&P slashes "AAA" ratings on some mortgage bonds

(Reuters) - The downgrades included classes, or portions, of a bond
issued by a Goldman Sachs Group Inc. trust, which were
cut to "BBB" from "AAA," S&P said in a statement.




In all, S&P lowered ratings on 418 classes of second-lien
bonds representing $3.8 billion. For a text of the statement
, see [ID:nN19208583].


Read more at Reuters.com Bonds News

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