August 21, 2012 / 11:28 PM / 5 years ago

BRIEF-Moody's takes action on $1 billion of Subprime RMBS issued by New Century from 2005

Aug 22 (Reuters) - Moody's Investors Service (Moody's) has upgraded the ratings on seven tranches and confirmed the ratings on six tranches from five subprime RMBS transactions issued by New Century Home Equity Loan Trust.

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