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Nine U.S. RMBS Ratings Put On Watch Negative Due To Interest Shortfalls; Two Other Ratings Remain On Watch Neg Dec 11
Standard & Poors, December 2011
OVERVIEW We reviewed certain classes from seven U.S. RMBS transactions backed by various collateral types. We placed our ratings on nine classes from six of these transactions on CreditWatch negative. In addition, our ratings on two classes from one of the affected transactions and one additional transaction remain on CreditWatch negative. These CreditWatch placements reflect our view of the current interest shortfalls we observed on these classes. NEW YORK (Standard & Poor's) Dec. 28, 2011--Standard & Poor's Ratings Services today placed its ratings on nine classes from six U.S. residential mortgage-backed securities (RMBS) transactions on CreditWatch with negative implications. In addition, our ratings on two classes from one of these transactions and one other transaction remain on CreditWatch negative (see...
Companies mentioned in this report are: CHL Mortgage Pass-Through Trust 2004-7,Structured Asset Securities Corp.,Renaissance Home Equity Loan Trust 2002-3,MASTR Adjustable Rate Mortgages Trust 2004-14,RBSGC Mortgage Loan Trust,Citigroup Mortgage Loan Trust 2010-7,CSMC Series 2010-9R
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.
CHL Mortgage Pass-Through Trust 2004-7,Structured Asset Securities Corp.,Renaissance Home Equity Loan Trust 2002-3,MASTR Adjustable Rate Mortgages Trust 2004-14,RBSGC Mortgage Loan Trust,Citigroup Mortgage Loan Trust 2010-7,CSMC Series 2010-9R