UPDATE 1-Moody's cuts 399 mortgage bonds, most tied to subprime

(Reuters) - The affected securities were issued in 2006 and are backed
mostly by first-lien adjustable and fixed-rate subprime loans.




Standard & Poor's, a rival credit-rating agency, said on
Tuesday it may soon cut ratings on $12.1 billion of
mortgage-related debt. For details, see [ID:nN10336254].


Read more at Reuters.com Bonds News