Revised S&P Ratings Produce ‘Relatively Modest’ RMBS Downgrades, Help Long-Term Comparison
October 23, 2009
Experts at Standard & Poor’s said this week that their recently revised credit ratings criteria will provide a new, more consistent foundation for banks and financial institutions to use when assessing credit risk as the financial crisis begins to dissipate.The most notable changes came on collateralized debt obligations and residential MBS, said S&P Chief Credit Officer Mark Adelson...