Moody's downgrades WaMu holdco senior to Caa2, bank senior to Ca - Rating Action - 2008/09/26 - Moody's Global Credit Research

Report title: Moody's downgrades WaMu holdco senior to Caa2, bank senior to Ca

from Moody's Global Credit Research
1589 word report published Sep 26, 2008

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Global Credit Research Rating Action 26 SEP 2008 Rating Action: Washington Mutual Preferred Funding Trust IV Moody's downgrades WaMu holdco senior to Caa2, bank senior to Ca New York, September 26, 2008 -- Moody's Investors Service...

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Rating Action

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Bank United; Providian Capital I; Providian Financial Corporation; ...

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Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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