Ratings agency Moody’s said Friday that a preliminary survey turned up little exposure among Asian financial institutions to the U.S. subprime market relative to their overall positions.
Friday, August 3, 2007
Chinese Banks May Take Losses On Subprime
One sharp-eyed set of analysts believes Asian financial banks will be little-affected by the U.S. subprime mortgage crisis, but another sees dangers in China.
Ratings agency Moody’s said Friday that a preliminary survey turned up little exposure among Asian financial institutions to the U.S. subprime market relative to their overall positions.
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Ratings agency Moody’s said Friday that a preliminary survey turned up little exposure among Asian financial institutions to the U.S. subprime market relative to their overall positions.
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