Ratings On 23 Classes Lowered To 'D (sf)' And Five Others Placed On Watch Negative From 23 U.S. RMBS Transactions Nov 13
- Language: English
- Published: November 2013
- Region: United States
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: On CreditWatch:Negative
Action: Removed From CreditWatch
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Research type: News
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ACE Securities Corp, Home Equity Loan Trust, Series 2006-HE2