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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (75877)	6/27/2007 5:20:09 PM
From: Qualified Opinion	Read Replies (2) of 94695

Moody's expects to cut more subprime CDOs than last yr Wed Jun 27, 2007 4:43pm ET NEW YORK, June 27 (Reuters) - Moody's Investors Service on Wednesday said it expects to downgrade more subprime-related collateralized debt obligations this year and next than it did in 2006. "Given what's been said about this market, (and) as we see expectations of cumulative losses increasing, yes, I do expect to see downgrades," Yuri Yoshizawa, group managing director at Moody's, told Reuters. The credit-ratings firm is likely to downgrade more subprime CDOs than it did last year, added Moody's Managing Director Jonathan Polansky. Link: yahoo.reuters.com

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