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Wednesday, November 21, 2007

Fitch Downgrades $29.8 Billions of subprime CDOs

by Calculated Risk on 11/21/2007 11:20:00 AM

From Reuters: Derivative Fitch cuts $29.8 bln of subprime CDOs

Derivative Fitch cut $29.8 billion worth of structured finance collateralized debt obligations and affirmed $3.8 billion of the securities ...
On a related note, from The Big Picture: The Abysmal Track Records of Moody's, Fitch and S&P