Monday, July 23, 2007

Structured Vehicles Are `Oasis of Calm' in Subprime Crisis, Moody's Says

(Bloomberg) -- So-called structured investment
vehicles, which hold $370 billion of assets, represent ``an
oasis of calm'' among debt issuers linked to subprime mortgages,
according to Moody's Investors Service.

Moody's expects ``ratings in the SIV and hybrid SIV sectors
to remain stable amid the current maelstrom surrounding the U.S.
subprime housing market,'' partly because of the diversity of
their portfolios, analyst Henry Tabe in London said in a
statement summarizing the firm's July 20 report.


Read more at Bloomberg Bonds News

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