Chimera Investments (CIM -2.9%) is downgraded to Underperform at BAML and to Neutral at Credit...

|About: Chimera Investment Corpo... (CIM)|By:, SA News Editor

Chimera Investments (CIM -2.9%) is downgraded to Underperform at BAML and to Neutral at Credit Suisse in the wake of its dividend cut earlier this week. Chimera is more exposed to credit risk than some of its mREIT brethren as its portfolio has a higher proportion of non-agency-backed MBS.