Tuesday, Jul 10, 2007
"This will impact everyone along the food chain," said Andy Chow, portfolio manager at SCM Advisors LLC, a $14 billion San Francisco-based investment firm specializing in fixed-income and structured-finance markets.
market watch: S&P may downgrade $12 bln of subprime securities
SAN FRANCISCO (MarketWatch) -- Influential rating agency Standard & Poor's said on Tuesday that it may downgrade $12 billion of subprime mortgage-backed securities because losses in this low-end part of the home-loan market have increased and will probably get worse.
Posted by chris :-)) @ 09:59 PM (109 views) Add Comment
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