Moody’s makes further downgrades

Moody’s has responded to continuing price volatility by opting for negative ratings actions on several commercial paper programmes and special investment vehicles (Sivs) worth approximately $14 billion.

The rating agency is modelling the expected loss on these deals with reference to the price decline observed during the months of July and August. Tranches unable to sustain a price decline of two times that seen in this period will lose their triple-A ratings.

“If the portfolio market value of a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here