Moody's Investigates Asian Banks for Holdings of Subprime Mortgages Bonds

(Bloomberg) -- Moody's Investors Service is
investigating Asian banks for holdings linked to subprime loans,
which caused losses in mortgage-backed bonds in the U.S.,
Moody's analyst Deborah Schuler said.

``We're in the process of checking the banks we rate in
Asia for investments in those sectors,'' Schuler said. ``We'd be
quite surprised to find that anybody had a number big enough
that it's going to cause even a tiny bit of pain.''


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