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Ratings On Big Sky 2008-1 Seller Trust Certificates And Subordinate Trust Certificates Class 1 Affirmed, Off CreditWatch Mar 10 Product Image

Ratings On Big Sky 2008-1 Seller Trust Certificates And Subordinate Trust Certificates Class 1 Affirmed, Off CreditWatch Mar 10

  • Published: March 2010
  • Standard & Poors

Abstract
Big-Sky 2008-1 is an RMBS transaction whose trust certificates and specified bonds are backed by a pool of housing loan receivables originated by Shinsei Bank. Standard & Poor's has affirmed and removed from CreditWatch positive its long-term credit rating on Shinsei Bank, the servicer as well as the originator in the transaction. Today's rating actions on Big Sky 2008-1's trust certificates reflect the rating action on Shinsei Bank and the credit quality of the transaction's underlying assets. We are affirming our ratings on Big Sky 2008-1's seller trust certificates and subordinate trust certificates class 1 and removing the ratings from CreditWatch with positive implications. At the same time, we are affirming our ratings on the class S1 to S3 specified...

Companies mentioned in this report are:

Action: Affirmed

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Big Sky 2008-1

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