Wednesday, July 22, 2009
S&P Restores Top-Ratings to Commercial-Mortgage Bonds
Standard & Poor’s backtracked on ratings cuts issued last week and raised the ranking on commercial mortgage-backed debt from three bonds sold in 2007... The securities, restored to top-ranked status, had been downgraded as recently as last week, making them ineligible for the Federal Reserve’s Term Asset-Backed Securities Loan Facility to jumpstart lending...
Bloomberg: S&P Restores Top-Ratings to Commercial-Mortgage Bonds
Bloomberg: S&P Restores Top-Ratings to Commercial-Mortgage Bonds