Ratings Lowered To 'D' On 57 Classes From 57 U.S. RMBS Transactions Issued In 2004-2006 Jun 08

  • ID: 1825668
  • June 2008
  • Region: United States
  • Standard & Poors
1 of 3

NEW YORK (Standard & Poor's) June 30, 2008--Standard & Poor's Ratings Services today lowered its ratings to 'D' on 57 classes of U.S. residential mortgage-backed securities (RMBS) certificates from 57 transactions issued by various issuers from 2004 to 2006 (see list). All of the ratings are being lowered to 'D' because the classes have either failed to receive their scheduled principal or have suffered a principal write-down and, therefore, are in default. Of the classes we downgraded to 'D', we lowered one rating from the 'B' category, 28 from the 'CCC' category, and 28 from the 'CC' category. We will continue to monitor these transactions and adjust the ratings on the remaining classes if the available credit support is no...

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.

Note: Product cover images may vary from those shown
2 of 3

- Adjustable Rate Mortgage Trust 2006-1
- RALI Series 2004-QS10 Trust
- Alternative Loan Trust 2004-J8
- Morgan Stanley Mortgage Loan Trust 2004-11AR
- Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-2 Trust
- MASTR Adjustable Rate Mortgage Trust 2005-3
- Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-3 Trust
- Alternative Loan Trust 2005-24
- GreenPoint MTA Trust 2005-AR2
- HarborView Mortgage Loan Trust 2005-7
- HarborView Mortgage Loan Trust 2005-8
- GreenPoint Mortgage Funding Trust 2005-AR4
- Bear Stearns ALT-A Trust 2005-8
- Bear Stearns Asset Backed Securities I Trust 2005-AC6
- CSFB Mortgage-Backed Trust Series 2005-9
- Bear Stearns ALT-A Trust 2005-9
- Alternative Loan Trust 2005-48T1
- CHL Mortgage Pass-Through Trust 2005-HYB8
- MortgageIT Mortgage Loan Trust 2006-1
- Structured Adjustable Rate Mortgage Loan Trust Series 2006-2
- Impac Secured Assets Trust 2006-1
- Adjustable Rate Mortgage Trust 2006-2
- Banc of America Funding 2006-D Trust
- Bear Stearns Alt-A Trust 2006-3
- Alternative Loan Trust 2006-HY12
- Terwin Mortgage Trust 2006-7
- IndyMac INDX Mortgage Loan Trust 2006-AR25
- Alternative Loan Trust 2006-J5

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown





Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.