Coast Savings Ratings Lowered: In yet another...
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From Times Staff and Wire Reports
Coast Savings Ratings Lowered: In yet another sign of the impact of weakening real estate markets, Moody’s Investors Service said it lowered ratings on about $330 million of long-term debt of Coast Savings Financial, the Los Angeles-based parent of Coast Savings Bank. Moody’s said the downgrade reflected additional loan-loss reserves taken by Coast for its loan and foreclosed real estate portfolios.
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