Moody’s Downgrades Billions More Of RMBS

Moody’s Investors Service has downgraded a combined $7.7 billion in residential mortgage-backed securities issued by Wachovia and IndyMac.

  • 03 Jan 2011
Moody’s Investors Service has downgraded a combined $7.7 billion in residential mortgage-backed securities issued by Wachovia and IndyMac. The latest round of reductions, due to continued deterioration of underlying loans, involved $6 billion of RMBS from four tranches from four option-ARM-backed deals by Wells Fargo-owned Wachovia and $1.7 ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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