|
|
 |
|
Viewing report
|
|
|
|
34 Ratings Lowered And 180 Ratings Affirmed From Seven Re-REMIC Transactions Issued In 2007-2010 May 11
Standard & Poors, May 2011
Abstract
OVERVIEW We reviewed seven U.S. RMBS re-REMIC transactions issued in 2007-2010. One of these transactions paid interest entirely on a sequential basis, while each of the other six had a pro rata interest payment structure in at least one of its collateral groups. We lowered our ratings on 34 classes from three of these transactions and removed 33 of them from CreditWatch with negative implications. We affirmed our ratings on 180 classes from six transactions and removed 91 of them from CreditWatch negative. At the same time, we withdrew our ratings on three classes from two transactions, one of which was on CreditWatch negative. We based our rating actions on our analysis of expected interest and principal, when applicable, payable...
Companies mentioned in this report are: Alternative Loan Trust Resecuritization 2007-HY5R,CMO Holdings III Ltd.,BCAP LLC 2008-RR2 Trust,BCAP LLC 2010-RR1 Trust,RBSSP Resecuritization Trust 2010-3,BCAP LLC 2010-RR4-I Trust,BCAP LLC 2010-RR4-II Trust
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.
|
|
|
|
