Thursday, July 12, 2007

UPDATE 1-S&P admits $5 bln blunder in subprime review

(Reuters) - S&P corrected the volume of residential mortgage-backed
securities it placed under review for downgrade on Tuesday to
$7.35 billion from $12.1 billion.




"It was an error and we corrected it," S&P spokesman Adam
Tempkin said on Thursday. "It was human error. It is what it
is."


Read more at Reuters.com Bonds News

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