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ARCHIVE: Criteria: Revised Guidelines On Rating New CDOs With Certain U.S. RMBS Exposure Oct 07
Standard & Poors, Oct 2007
Abstract
NEW YORK (Standard & Poor's) Oct. 30, 2007--Standard & Poor's Ratings Services announced today that it is continuing its review of its ratings on U.S. residential mortgage-backed securities (RMBS) backed by Alternative-A (Alt-A) and closed-end second-lien (CES) collateral issued during 2005 and 2006, and net interest margin securities (NIMS) collateral issued during 2005, 2006, and 2007 (together, the 'Affected Collateral'). When we complete this review, Standard & Poor's will review rated collateralized debt obligations (CDOs) with exposure to the Affected Collateral and take rating actions as appropriate. Because of the volume of transactions involved, we expect the U.S. RMBS review to span several weeks, with CDO reviews to follow shortly thereafter. While these reviews are underway, we have adopted guidelines...
Action: General Comment
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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