Moody’s Investors Service today placed 60 tranches of securitizations on review for downgrade in the economically beleaguered countries of Spain, Italy and Ireland. The potential downgrades will “generally be around three notches,” the agency said.

The move comes after the agency tweaked its methodology for incorporating a country’s risk into the rating of structured deals backed by assets domiciled in that country.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.