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ARCap 2005-RR5 Resecuritization Inc. Ratings On Two Classes Lowered To 'D (sf)'
Standard & Poors, May 2011
Abstract
OVERVIEW We lowered our ratings to 'D (sf)' from 'CCC- (sf)' on classes A-1 and A-2 from ARCap 2005-RR5 Resecuritization Inc. The downgrades reflect our analysis of the interest shortfalls affecting the transaction, as noted in the April 25, 2011, trustee report. The lowered ratings also reflect interest shortfalls that we expect will continue for the foreseeable future. NEW YORK (Standard & Poor's) May 12, 2011--Standard & Poor's Ratings Services today lowered its ratings to 'D (sf)' from 'CCC- (sf)' on the class A-1 and A-2 certificates from ARCap 2005-RR5 Resecuritization Inc. (ARCap 2005-RR5), a U.S. resecuritized real estate mortgage investment conduit (re-REMIC). The downgrades reflect our analysis of the interest shortfalls affecting the transaction, as noted in the April...
Companies mentioned in this report are: ARCap 2005-RR5 Resecuritization Inc
Action: Downgraded
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.
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