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585 Ratings Lowered To 'D (sf)' On 348 U.S. RMBS Transactions Issued In 2001-2008 May 11
Standard & Poors, May 2011
Abstract
OVERVIEW We reviewed 348 U.S. RMBS transactions issued between 2001 and 2008. We lowered our ratings to 'D (sf)' on 585 classes from these transactions. The downgrades reflect our assessment of principal write-downs that the classes have incurred during recent remittance periods. NEW YORK (Standard & Poor's) May 19, 2011--Standard & Poor's Ratings Services today lowered its ratings to 'D (sf)' on 585 classes of mortgage pass-through certificates from 348 U.S. residential mortgage-backed securities (RMBS) transactions issued between 2001 and 2008. The complete rating list is available in 'U.S. RMBS Classes Affected By The May 19, 2011, Rating Actions,' published today on RatingsDirect on the Global Credit Portal, at www.globalcreditportal.com. The list is also available on Standard & Poor's Web...
Companies mentioned in this report are: 2005-CB6 Trust
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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