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US subprime mortgage crisis is dogging the whole credit market - S&P


Published : Wed, 12 Sep 2007 16:12
By : Agencies
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LONDON (Thomson Financial) - Standard & Poor's Ratings Services the US subprime credit crisis has the potential to impact other asset classes globally.

In its report titled, A Subprime Hangover: Credit And Liquidity Concerns Cloud The Broader US Mortgage Market, S&P said risk aversion in the mortgage capital markets remains at an all-time high and that the current credit cycle is one of the most challenging financial institutions have ever faced.

TFN.newsdesk@thomson.com

ssa

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