(Reuters) - All of the affected CDO transactions have exposure to U.S.
residential mortgage-backed securities backed by
first-lien subprime mortgages.
The deals under review are all so-called mezzanine rated
paper, which are backed by "A" and "BBB" rated tranches of
residential mortgage backed securities and other structured
finance securities, S&P said.
Read more at Reuters.com Bonds News
residential mortgage-backed securities backed by
first-lien subprime mortgages.
The deals under review are all so-called mezzanine rated
paper, which are backed by "A" and "BBB" rated tranches of
residential mortgage backed securities and other structured
finance securities, S&P said.
Read more at Reuters.com Bonds News
No comments:
Post a Comment