Relevant:
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- Moody’s Begins Downgrading AAA-Rated Alt-A RMBS to Junk
- SEC Takes Rating Agencies to Task; “Serious Shortcomings†Cited
- "It's An Epic Bloodbath" - Presenting The 2015 Junk Bond Heatmap
- CDS report: “Horrible†fall-out scenario preoccupies market
2008-03-10 — ft.com
'CPDOs - according to a report from independent rating agency CreditSights, released Thursday - may be the next structured finance disaster. They’re rated AAA - and as they go wrong, the big rater’s current models won’t notice a thing.'
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