Moody’s Increases Loss Expectations for Subprime MBS Issued in 2006 Following Increased Delinquencies
April 27, 2007
Subprime MBS are performing worse than previously expected and there will likely be increased ratings downgrades as a result, Moody’s Investors Service warned. The rating service this week raised its loss estimates for subprime MBS issued in 2006 from 6 percent to...