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Moody’s Begins Downgrading AAA-Rated Alt-A RMBS to Junk 

Apr 24, 2008By

Moody’s Investors Service issued more Alt-A downgrades on Thursday morning, this time taking a heavy hand to 32 different Aaa-rated tranches from 10 different Alt-A deals. Many of the downgrades even pushed former Aaa’s into non-investment grade categories — a stunning descent for top-rated Alt-A mortgage bonds that underscores two key points.

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Updated 11 months ago