(Reuters) - Moody's said the recent pace of losses has triggered credit
support to erode below targeted levels. The timing of losses
coupled with passing of performance triggers has caused the
protection available to the subordinate bonds to be diminished,
it said.
The loan collateral backing each deal placed on review
consists primarily of first-lien, subprime fixed and adjustable
rate mortgage loans, Moody's said.
Read more at Reuters.com Bonds News
support to erode below targeted levels. The timing of losses
coupled with passing of performance triggers has caused the
protection available to the subordinate bonds to be diminished,
it said.
The loan collateral backing each deal placed on review
consists primarily of first-lien, subprime fixed and adjustable
rate mortgage loans, Moody's said.
Read more at Reuters.com Bonds News
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