|
|
 |
|
Viewing report
|
|
|
|
25 Ratings Withdrawn On 12 U.S. RMBS Transactions Issued From 1988 Through 2001 Dec 11
Standard & Poors, Dec 2011
Abstract
OVERVIEW We reviewed 12 U.S. RMBS transactions backed by prime jumbo collateral issued in 1988-2001. We withdrew our ratings on 25 classes from these transactions due to lack of sufficient information to maintain ratings on these classes. Prior to withdrawal, we lowered our ratings on 19 classes from 11 of these transactions and removed one class from CreditWatch negative. Also prior to withdrawal, we affirmed our ratings on six classes from three of the downgraded transactions, as well as one additional transaction. The withdrawn ratings are mostly based on the small number of loans remaining in the affected transactions and a lack of sufficient information to maintain rating surveillance on these transactions. NEW YORK (Standard & Poor's) Dec. 29, 2011--Standard...
Companies mentioned in this report are: Citicorp Mortgage Securities Inc.,Imperial S&L Assn.,Ryland Mortgage Securities Corp.,Structured Asset Securities Corp.,Prudential Securities Secured Financing Corp.,Credit Suisse First Boston Mortgage Securities Corp.
Action: Downgraded
Action: Withdrawn
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.
|
|
|
|
