Introduction

Some market participants seem to be overreacting to the recent rating activity in the subprime mortgage ABS sector. Together, Moody's Investors Service and Standard & Poor's took more than a thousand negative rating actions on subprime mortgage ABS tranches on July 10. S&P's actions covered roughly $7.4 billion of subprime mortgage ABS and Moody's actions covered around $5.2 billion.

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.