Items Tagged with 'U.S. net'


  • Full text: S&P downgrades the U.S. debt rating

    On Aug. 5, rating agency Standard & Poor's downgraded its rating of the U.S. sovereign debt, the first such downgrade for the U.S. in modern history. Below is the full text of Standard & Poor's press statement. We have lowered our long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA' and affirmed the 'A-1+' short-term rating. We have also removed both the short- and long-term ratings from CreditWatch negative.
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  • S&P Warns, May Downgrade 547 Alt-A Backed Securities

    Per Standard & Poor's today, news that the agency has placed its ratings on 484 classes of U.S. RMBS backed by U.S. first-lien Alt-A mortgage loans issued from the beginning of 2005 through the end of 2006 on CreditWatch with negative implications. In addition, the agency also placed 63 classes of U.S. net interest margin securities (NIMS) transactions backed by the affected U.S. first-lien Alt-A mortgage securities.
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