Portuguese ABS, RMBS Downgraded

Moody’s Investors Service has lowered the ratings on nine tranches of Portuguese asset-backed securities and 38 tranches of residential mortgage-backed securities following successive downgrades of Portugal’s government ratings from A1 to Baa1 in the past three weeks.

  • 12 Apr 2011
Moody’s Investors Service has lowered the ratings on nine tranches of Portuguese asset-backed securities and 38 tranches of residential mortgage-backed securities following successive downgrades of Portugal’s government ratings from A1 to Baa1 in the past three weeks. Moody’s says the downgrades reflect several factors, including an uncertain political ...

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3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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