Moody’s Ranks as Top Rating Service In Depleted MBS and ABS Markets
November 21, 2008
Moody’s Investors Service ranked as the top rating service in non-agency MBS and non-mortgage ABS through the first nine months of 2008. With new issuance dropping off sharply, especially in the public market, rating activity has also declined dramatically in 2008. Only $49.2 billion of non-agency MBS were rated through the first... [Includes two charts]