S&P withdraws Thornburg Mortgage’s (TMA) A-1 ABCP rating. The stock is tanking. OK, it’s was at 1.47, and right now it’s trading at 1.17. It’s still down 28% for today, so I’ll call that tanking.
And this note from the wires:
US ASSET BACKED ISSUANCE SLUMPS TO $54.6B IN Q108 V $323.3B IN Q107 - WIRE HEADLINE
- US High-yield debt sales plunge to $5.9B in Q108 v $38.4B y/y
