Can You Hear Me Now?

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Are you on the 10:00am S&P subprime teleconference? The S&P has its task force of David Wyss, Susan Barnes, and Patrice Jordan discussing market conditions, revisions to RMBS surveillance and new ratings methodologies. This is in reference to the following major events this morning:
8:55 *S&P CHANGES RATINGS METHODOLOGY FOR MORTGAGE-BACKED BONDS
8:55 *S&P PUTS 612 CLASSES OF SUBPRIME BONDS ON CREDITWATCH NEGATIVE
8:55 *S&P MAY CUT RATINGS ON $12 BILLION OF SUBPRIME MORTGAGE BONDS
8:53 *S&P MAY CUT 612 CLASSES OF SUBPRIME MORTGAGE BONDS TELECONFERENCE
Word from some of our readers is that so many people are wondering how the ratings agencies will react (finally!) to the subprime fallout that you can't even listen in at the moment. At least it's a great excuse to tell senior people if you got stuck as resident note taker. Oh well, if you miss it, here are the replay numbers:
US/Canada: 1-866-397-8265
US/All Others: 1-203-369-0540

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