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Prospect News home > News index > List of issuers T > Headlines for Thornburg Mortgage, Inc. > News item
Published on 11/19/2008 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

S&P cuts Thornburg to D

Standard & Poor's said it lowered the counterparty credit rating on Thornburg Mortgage Inc. to D from SD and changed its senior notes to D from CC.

The change follows Thornburg's announcement that it has not paid and does not have the funds to pay its $12.2 million Nov. 15, 2008, interest payment on its senior notes, according to the agency.


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