SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Tuesday hiked MGM Resort International’s rating outlook to positive from stable and affirmed its Caa1 corporate family rating. Moody’s also assigned a Caa1 rating to the company’s new $500 million 10% senior unsecured notes due 2016. “The outlook revision to positive reflects the favorable impact on MGM’s [...]
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Alt-A Downgrades Exceed $40 bil in Past 2 Weeks
September 22nd, 2010
davidguide Moody’s Investors Service reported downgrades to more than 500 tranches from Alt-A residential mortgage-backed securities during the past two weeks. The lowered ratings impacted around $42 billion in securities. The downgrades were made to RMBS issued in 2005, 2006 and 2007. View full post on Mortgage Stories
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