http://www.bloomberg.com/news/2011-07-29/s-p-slammed-by-wall-street-banks-over-pulled-commercial-mortgage-rating.html
“The manner in which S&P took its action has severely eroded investor and issuer confidence in its ratings,” Morgan Stanley analysts led by Richard Parkus in New York wrote in a note yesterday, referring to the Goldman Sachs and Citigroup transaction. “Such an event is unprecedented within the CMBS market.”
SAMEER SAYS
THESE CMBS ARE JUNK
EXPECT HUGE STRESS IN THESE MKTS IN THE COMING MONTHS
“The manner in which S&P took its action has severely eroded investor and issuer confidence in its ratings,” Morgan Stanley analysts led by Richard Parkus in New York wrote in a note yesterday, referring to the Goldman Sachs and Citigroup transaction. “Such an event is unprecedented within the CMBS market.”
SAMEER SAYS
THESE CMBS ARE JUNK
EXPECT HUGE STRESS IN THESE MKTS IN THE COMING MONTHS
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