Moody's Downgrades Chunk Of LNR CDO

Moody's Investors Service has downgraded $1.27 billion of bonds from a collateralized debt obligation completed by LNR Properties.

  • 04 Aug 2008

Moody's Investors Service has downgraded $1.27 billion of bonds from a collateralized debt obligation completed by LNR Properties. The agency, which also downgraded bonds from two other CDOs, said it was responding to realized losses and deteriorating pool performance.

LNR CDO IV, a $1.6 billion deal ...

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