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398 Ratings On 259 U.S. RMBS Transactions Issued In 2000-2009 Lowered To 'D (sf)' Aug 11
Standard & Poors, Aug 2011
Abstract
OVERVIEW We reviewed 259 U.S. RMBS transactions issued between 2000 and 2009. We lowered our ratings to 'D (sf)' on 398 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) Aug. 24, 2011--Standard & Poor's Ratings Services today lowered its ratings on 398 classes of mortgage pass-through certificates from 259 U.S. residential mortgage-backed securities (RMBS) transactions issued between 2000 and 2009 to 'D (sf)'. The complete rating list is available in 'U.S. RMBS Classes Affected By The Aug. 24, 2011, Rating Actions,' published today on RatingsDirect on the Global Credit Portal, at www.globalcreditportal.com. The list is also available on Standard & Poor's Web...
Companies mentioned in this report are: Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2000-B
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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