387 Ratings On 259 U.S. RMBS Deals Lowered To 'D (sf)'; Seven Other Ratings Placed On CreditWatch Negative Nov 11

Standard & Poors, November 2011

Abstract
OVERVIEW We lowered our ratings on 387 classes from 259 U.S. RMBS transactions issued between 2001 and 2009 to 'D (sf)' and removed one of them from CreditWatch with negative implications. We placed our ratings on seven other classes from two of these 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) Nov. 23, 2011--Standard & Poor's Ratings Services today lowered its ratings on 387 classes of mortgage pass-through certificates from 259 U.S. residential mortgage-backed securities (RMBS) transactions to 'D (sf)' and removed one of them from CreditWatch with negative implications. In addition, we placed our ratings on seven...

Companies mentioned in this report are: ACE Securities Corp, Home Equity Loan Trust, Series 2006-HE2
Action: Downgraded
Action: On CreditWatch:Negative
Action: Removed From CreditWatch

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.

ACE Securities Corp, Home Equity Loan Trust, Series 2006-HE2

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