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437 Ratings Lowered To 'D (sf)' On 268 U.S. RMBS Transactions Issued In 2002 To 2008 Jun 11
Standard & Poors, June 2011
Abstract
OVERVIEW We reviewed 268 U.S. RMBS transactions issued between 2002 and 2008. We lowered our ratings to 'D (sf)' on 437 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) June 21, 2011--Standard & Poor's Ratings Services today lowered its ratings to 'D (sf)' on 437 classes of mortgage pass-through securities from 268 U.S. residential mortgage-backed securities (RMBS) transactions issued between 2002 and 2008. The 437 downgrades to 'D (sf)' reflect our assessment of principal write-downs on the affected classes during recent remittance periods. Four of the downgraded classes have bond insurance from Ambac Assurance Corp. (currently rated 'NR'). All of the ratings...
Companies mentioned in this report are: Aames Mortgage Investment Trust 2006-1
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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