S&P Cuts to Junk Certain Mortgage Bonds Issued From Late 2005 Through 2009
May 15, 2010 at 13:05 PM EDT
Standard & Poor’s, a unit of McGraw-Hill Cos (MHP), said Friday that it reduced to junk status certain mortgage bonds it rated triple-A when they were structured last year by Credit Suisse (CS), Jefferies Group (JEF) and Royal Bank of Scotland (RBS). According to Bloomberg, the ratings agency lowered the credit rating on 308 classes of [...]
