Moody’s Downgrades SIVs; Money Market Funds At Risk; SIVs Unable To Meet Debt Obligations Without Selling Assets At Fire-Sale Prices
On December 4, 2007, Wall Street Journal reporter Shefali Anand reported that some money market funds may be invested in risky debt securities issued by structured investment vehicles, or SIVs, that were recently downgraded or put on review for possible downgrade by Moody’s Investors Service. These money market funds include Charles Schwab Advisor Cash Reserves, […]