Six Ratings Lowered And 32 Ratings Affirmed On Eight Asset Repackaging Vehicle RMBS Re-REMIC Deals Issued In 2009 Dec 11
- ID: 2030441
- December 2011
- Standard & Poors
OVERVIEW We reviewed eight Asset Repackaging Vehicle Ltd. RMBS re-REMIC transactions issued in 2009 based on revisions to payment priorities within these structures. We lowered our ratings on six classes from two transactions and removed three of them from CreditWatch with negative implications. We affirmed our ratings on 32 classes from seven transactions and removed 26 of them from CreditWatch negative. We also withdrew our ratings on two classes that were paid in full. We based our rating actions on our analysis of expected payments of interest and principal, when applicable, to these classes of securities under our applicable rating scenario stresses. NEW YORK (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services today lowered its ratings on six...
Companies mentioned in this report are:
- Asset Repackaging Vehicle Ltd.
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