(Reuters) - NEW YORK, July 10 - Standard & Poor's may cut $12
billion of subprime-related debt on expectations for an 8
percent drop in U.S. home prices and more defaults on home
loans, the rating company said on Tuesday.
The classes of affected securities include 612 residential
mortgage debt backed by U.S. subprime loans. S&P also announced
changes to its rating methodology and is reviewing its ratings
of collateralized debt obligations, S&P said in a statement.
Read more at Reuters.com Bonds News
billion of subprime-related debt on expectations for an 8
percent drop in U.S. home prices and more defaults on home
loans, the rating company said on Tuesday.
The classes of affected securities include 612 residential
mortgage debt backed by U.S. subprime loans. S&P also announced
changes to its rating methodology and is reviewing its ratings
of collateralized debt obligations, S&P said in a statement.
Read more at Reuters.com Bonds News
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