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Most of $1.55 Bln In Prime Jumbo RMBS Downgraded
Deteriorating performance has prompted Moody’s Investors Service to downgrade most of $1.55 billion of prime jumbo residential mortgage-backed securities, reports The Wall Street Journal.
Deteriorating performance has prompted Moody’s Investors Service to downgrade most of $1.55 billion of prime jumbo residential mortgage-backed securities. The latest round of ratings reductions included 216 tranches of 20 prime jumbo deals sold by Credit Suisse between 2002 and 2004.