Fitch to cut ratings on a number residential mortgage-backed securities insured by MBIA Inc, Ambac Assurance Corp, FGIC Corporation and Security Capital Assurance.
This is due to an "update assessment of their current exposure to RMBS, SF CDOs backed by subprime mortgage collateral and CDO-squared transaction"
Fitch may cut ratings on some insured mortgage bonds
Posted by dandare (#1) 1503 days ago (http://uk.reuters.com)Who Voted for this Story
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