Thursday, November 8, 2007

SIV rescue plan faces pressure

--SIVs funds will liquidate assets, triggering domin effect in assets rating and price downward. --Moody said it downgraded or migh downgrade debt issued by 16 SIVs due to the deteriorating market value of the assets the SIV own. --SIV market is made up of 30 funds holding 300 bil in assets

No comments: