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367 Ratings Lowered To 'D (sf)' On 275 U.S. RMBS Transactions Issued Between 1994 And 2008 Sep 11
Standard & Poors, Sep 2011
Abstract
OVERVIEW We lowered our ratings to 'D (sf)' on 367 classes from 275 U.S. RMBS transactions issued between 1994 and 2008 and removed one of them from CreditWatch with negative implications. We placed our ratings on 10 other classes from three of the same transactions on CreditWatch with negative implications. The downgrades reflect our assessment of the impact of principal write-downs on the affected classes during recent remittance periods. NEW YORK (Standard & Poor's) Sept. 23, 2011--Standard & Poor's Ratings Services today lowered its ratings to 'D (sf)' on 367 classes of mortgage pass-through certificates from 275 U.S. residential mortgage-backed securities (RMBS) transactions issued between 1994 and 2008. We removed one of these ratings from CreditWatch with negative implications. In...
Companies mentioned in this report are: Adjustable Rate Mortgage Trust 2004-5
Action: Downgraded
Action: On CreditWatch:Negative
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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