30.06.2016 16:20:00
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Moody's: Denial of Madden appeal credit negative for marketplace loans and related ABS
New York, June 30, 2016 -- The US Supreme Court's denial of an appeal in Madden v. Midland Funding, LLC is, in general, credit negative for marketplace loans and related asset-backed securities (ABS), Moody's Investors Service says in a new report. Legal uncertainty around marketplace loans with high interest rates and associated ABS will continue, and lawsuits could impair this debt.