Moodys to look at HSBC SIV’s
Written on November 08th, 2007 in 2007 HSBC
This is just one of our articles referencing HSBC complaints about mortgages, credit cards, auto loans, fees, late payment processing, and more:
Moody’s Investors Service sent warnings Wednesday to Citigroup Inc. in New York and HSBC Holdings in London that it might downgrade their structured investment vehicles as the rating company reviews $33 billion worth of the debt.
SIV “debt ratings continue to be vulnerable to the unprecedented large and sustained declines in portfolio value combined with a prolonged inability to refinance maturing debt,” Moody’s said.
The company is reviewing three Citigroup and two HSBC structured investment vehicles.
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