(Reuters) - Moody's cut the ratings of 52 securities totaling $393
million while keeping 27 of those securities under review for
further downgrade. It also placed an additional 23 securities,
approximately $148 million, on review for possible downgrade.
The rating agency said most of the securities affected by
the negative actions were originated in 2005's second half and
held prior ratings of "Baa" and lower. Loans backing those
securities were originated in an environment of increasingly
aggressive underwriting, the rating agency said.
Read more at Reuters.com Bonds News
million while keeping 27 of those securities under review for
further downgrade. It also placed an additional 23 securities,
approximately $148 million, on review for possible downgrade.
The rating agency said most of the securities affected by
the negative actions were originated in 2005's second half and
held prior ratings of "Baa" and lower. Loans backing those
securities were originated in an environment of increasingly
aggressive underwriting, the rating agency said.
Read more at Reuters.com Bonds News
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