Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes — In Just Two Days

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Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes — In Just Two Days Moody’s Warns More RMBS Downgrades Likely; Says Poor Performance ‘Continues’ Subprime RMBS, CDO Markets Put.

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From Paul Jackson at Housing Wire: Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes – In Just Two Days Between Monday and Tuesday, calculations by Housing Wire show that the rating agency has slashed ratings on 1,923 tranches from 232 seperate subprime RMBS deals from 2005-2007 vintages.

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Moody's expected to make ratings decision Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes – In Just Two Days From HousingWire: Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes – In Just Two Days. Moody’s Investors Service has decided that it’s finally time to downgrade investment grade subprime RMBS – you know, the Aaa-rated stuff?

Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes – In Just Two Days Stick a Fork in It: Moody’s Downgrades 1,923 Subprime RMBS Classes – In Just Two Days. Cue more write-downs, as if there weren’t enough to begin with.