Remember the Thread about all the Downgrades to Come

[Newguyintown]

Remember that thread from SBRJohn saying get out of low-rated books now. I thought there was going to be a fullscale reevaluation of a lot of books and that a lot were going to be dropping. It actually kind of sounded like a lot would certainly be dropping. Is there a scheduled date for a fullscale reevaluation or is kind of a case-by-case basis right now? Any updates on any of this.

Thanks. This site is the best.


New Guy

[JoshW]

New Guy, I can't speak for SBR management. But I would move a full letter on your own scale. If you felt safe in C books before, now only play B. B only A. D only C or better. IMO whole industry is affected to some degree so how you use the ratings can change even without SBR movement.

[pags11]

JJ started the hysteria...he was chicken little for a while...

[Newguyintown]

Thanks for the advice Lakerfan.

So SBR, Bill and John, etc. Are a surge of downgrades on the horizon? Its NBAtime now and I have a bunch of C books I wanna start messing with.

[SBR_John]

There have been some. The books have been blessed with a monster month of dogs. I think now we are trying to figure out the effects on what will happen if the main money processors stop before replacement processors can step up. Until we have a clear picture on that I dont believe we will see a lot of downgrades. However, if we get an unexpected pullout, midnight rider style, from the main processor(s) that could change overnight.

[pags11]

mansion is the next to pull out of the U.S. market...just watch...