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List Of U.K. RMBS Rating Actions At Dec. 12, 2011 Following U.K. RMBS Criteria Update Dec 11
Standard & Poors, Dec 2011
Abstract
On Dec. 9, 2011, Standard & Poor's Ratings Services updated its methodology and assumptions for rating U.K. RMBS (see 'U.K. RMBS Methodology And Assumptions,' published on Dec. 9, 2011). Based on our analysis under the updated criteria, we have today placed on CreditWatch negative our ratings on 764 tranches in 119 U.K. RMBS transactions. The table below provides the transaction names, series, and ratings for the affected tranches. For the related media release, see 'Ratings On 764 Tranches In 119 U.K. RMBS Transactions Placed On CreditWatch Negative After U.K. RMBS Criteria Update,' published on Dec. 12, 2011. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule,...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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