by Bill McBride on 1/08/2008 12:16:00 PM
Tuesday, January 08, 2008
From Dow Jones (no link yet): Moody's Cuts Ratings On 46 Tranches Of Bear Deals (hat tip BR)
Moody's Investors Service downgraded the ratings of 46 tranches and placed under review for possible downgrade the ratings of 11 tranches from eight Alt-A deals issued by Bear Stearns Cos. (BSC) in 2007. ...More junk.
The collateral backing these tranches consists of primarily first lien, fixed and adjustable-rate, Alt-A mortgage loans. ...
Posted by Bill McBride on 1/08/2008 12:16:00 PM