Little threat to Asia from U.S. subprime: Moody's

(Reuters) - Moody's cut ratings on 399 mortgage-backed securities and said it may cut ratings on further 32, affecting $5.2 billion in debt.




Standard & Poor's said it may cut ratings on $12 billion of subprime-related debt on forecasts of more delinquent and defaulted U.S. home loans.


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