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Citi-Goldman, JP Morgan Deals Expected To Move Forward July 22, 2010 04:48 PM

Last-minute language in the financial reform bill that will make rating agencies liable for their ratings is not expected to have an effect on the two planned commercial mortgage-backed securities deals from a Citigroup-Goldman Sachs partnership and JP Morgan that are slated to come to market before the end of the summer. But the legislation could have a sobering effect on the market, which was just starting to gain momentum in a recovery, if a solution isn’t found quickly. Fitch Ratings, Moody’s Investor Service, Standard & Poor’s and Realpoint are all asking ...

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