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20 Merrill Lynch Mortgage Investors Trust Ratings Cut On 14 Series; Two On Watch Negative
Standard & Poors, Nov 2007
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) Nov. 5, 2007--Standard & Poor's Ratings Services today lowered its ratings on 20 classes of certificates from 14 Merrill Lynch Mortgage Investors Trust transactions. Of the 20 lowered ratings, we removed one (on class B-2, series 2003-HE1) from CreditWatch with negative implications and placed two (on classes B and M-2, series 2002-HE1) on CreditWatch negative. In addition, we removed one class (class B-3, series 2003-HE1) from CreditWatch with negative implications and affirmed the rating. Furthermore, we raised the ratings on the M-1 classes from series 2004-WMC1 and series 2004-WMC2. Lastly, we affirmed our ratings on 79 classes from 15 Merrill Lynch Mortgage Investors Trust series (see list). The lowered ratings reflect a steady increase in...
Companies mentioned in this report are: Merrill Lynch Mortgage Investors Trust Series 2003-OPT1,Merrill Lynch Mortgage Investors Trust, Series 2002-HE1,Merrill Lynch Mortgage Investors Trust, Series 2003-WMC1,Merrill Lynch Mortgage Investors Trust, Series 2003-WMC2,Merrill Lynch Mortgage Investors Trust, Series 2003-WMC3,Merrill Lynch Mortgage Investors Trust, Series 2003-HE1,Merrill Lynch Mortgage Investors Trust Series 2004-WMC1,Merrill Lynch Mortgage Investors Trust Series 2004-WMC2,Merrill Lynch Mortgage Investors Trust, Series 2004-WMC3,Merrill Lynch Mortgage Investors Trust Series 2004-WMC4,Merrill Lynch Mortgage Investors Trust Series 2004-HE1,Merrill Lynch Mortgage Investors Trust Series 2004-FM1,Merrill Lynch Mortgage Investors Trust, Series 2004-OPT1,Merrill Lynch Mortgage Investors Trust, Series 2004-HE2 ,Merrill Lynch Mortgage Investors Trust, Series 2004-WMC5
Action: Affirmed
Action: Downgraded
Action: On CreditWatch:Negative
Action: Removed From CreditWatch
Action: Upgraded
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