|
|
 |
|
Viewing report
|
|
|
|
16 Ratings Lowered And 54 Ratings Affirmed On Four Re-REMIC Transactions Issued Between 2007 And 2010 May 11
Standard & Poors, May 2011
Abstract
OVERVIEW We reviewed four U.S. RMBS re-REMIC transactions issued between 2007 and 2010. Three of these transactions have a pro rata interest payment structure in at least one of their groups, and one transaction pays interest entirely on a sequential basis. We lowered our ratings on 16 classes from four transactions and removed 15 of them from CreditWatch with negative implications. We affirmed our ratings on 54 classes from these four transactions and removed 28 of them from CreditWatch negative. We based our rating actions on our analysis of expected interest and principal, when applicable, payable to these classes of securities under our applicable rating scenario stresses. NEW YORK (Standard & Poor's) May 20, 2011--Standard & Poor's Ratings Services today...
Companies mentioned in this report are: AAA Trust 2007-2,RBSSP Resecuritization Trust 2010-1,Citigroup Mortgage Loan Trust 2010-7,CSMC Series 2010-18R
Action: Affirmed
Action: Downgraded
Action: Removed From CreditWatch
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.
|
|
|
|
