Question: When did Moody's and Standard & Poor downgrade a significant number of IndyMac's MBS bonds?
Sentence: IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds including $160 million of those issued by IndyMac and which the bank retained in its MBS portfolio.
Answer in sentence: yes