Articles Tagged with ''High-yield debt''

Did Investors Really Get Double-Duped with Re-REMIC Ratings?

Friday's downgrade, by Standard & Poor's, of several triple-A tranches of re-securitized real estate mortgage investment conduits (re-REMICs) brings to mind the early days of the crisis when it became apparent that triple-A paper isn't invincible. In looking at 12 transactions from 12 US RMBS re-REMIC, S&P lowered the ratings of 308 tranches, mainly triple-A, to junk status, mainly to triple-C.
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