(Reuters) - Moody's Investors Service and Standard & Poor's are
ratcheting down ratings or revising downward prior forecasts on
billions of dollars of debt due to their lowered outlooks on
the U.S. housing market.
S&P on Thursday cut ratings on $5.7 billion of
subprime-related securities it put on watch earlier this week.
Both S&P and Moody's now project cumulative losses for subprime
loans originated in 2006 to reach as high as 14 percent, more
than double projections at the start of the year.
Read more at Reuters.com Bonds News
ratcheting down ratings or revising downward prior forecasts on
billions of dollars of debt due to their lowered outlooks on
the U.S. housing market.
S&P on Thursday cut ratings on $5.7 billion of
subprime-related securities it put on watch earlier this week.
Both S&P and Moody's now project cumulative losses for subprime
loans originated in 2006 to reach as high as 14 percent, more
than double projections at the start of the year.
Read more at Reuters.com Bonds News
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