S&P Set to Downgrade $100b in CMBS

Ratings agency S&P has vowed never to be caught with its pants down again.

 

Their utter ineptitude during the run-up to the credit crisis led them to give AAA ratings to bonds that were poised to wreck the global economy. Investors had a false sense of security inspired by the high ratings and kept pouring money into MBS. (Mortgage backed securities)

 

Today they demonstrated their willingness to take decisive action by taking an indecisive action. S&P placed $96b in CMBS (Commercial Mortgage Backed Securities) on Ratings Watch; Negative.

 

Ya’ know, just to let you know that they’re watching the store.

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MasterPlan Capital LLC

Commercial Mortgage Lending – Funds Immediately Available for the Purchase and Refinance of All Type of Commercial Real Estate

 

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