Friday, Mar 02, 2007
subprimes might affect credit status of investment banks
Bloomberg: Goldman, Merrill Almost `Junk,' Their Own Traders Say (Update1)
As of Feb. 28, the bonds of Goldman and Morgan Stanley were trading as if the debt were rated a step below Moody's official rating....The same companies had an above-average risk of being downgraded, with about 22 percent of them having their ratings cut, he said.
Posted by waiting...waiting @ 10:10 AM (148 views) Add Comment
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