(Reuters) - "We're going to see more downgrades," FDIC Chairman Sheila
Bair said on Wednesday, referring to a slew of CDO downgrades
announced on Tuesday by two major credit rating agencies.
CDOs are investment-grade securities that are created by
bundling together portions of loans, mortgage-backed bonds,
municipal debt, credit card receivables or other securities.
Read more at Reuters.com Government Filings News
Bair said on Wednesday, referring to a slew of CDO downgrades
announced on Tuesday by two major credit rating agencies.
CDOs are investment-grade securities that are created by
bundling together portions of loans, mortgage-backed bonds,
municipal debt, credit card receivables or other securities.
Read more at Reuters.com Government Filings News
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