In a move showing the latest sign of the ailments afflicting the financial system Standard & Poor’s Ratings Service placed its ratings on $552.8 billion worth of U.S. first-lien Alt-A residential mortgage-backed securities issued between 2005 and 2007 on watch for downgrade, saying it sees an increase in losses from the transactions issued in those years. DJ.
By editor Mar 10, 2009, 3:23 PM
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