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408 Ratings On 249 U.S. RMBS Deals Lowered To 'D (sf)'; Five Ratings Placed On CreditWatch Negative Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW We lowered our ratings on 408 classes from 249 U.S. RMBS transactions issued between 2000 and 2009 to 'D (sf)'. We placed our ratings on five classes from one of these transactions on CreditWatch with negative implications. The downgrades reflect our assessment of the impact that principal write-downs had on the affected classes during recent remittance periods. NEW YORK (Standard & Poor's) Jan. 25, 2012--Standard & Poor's Ratings Services today lowered its ratings on 408 classes of mortgage pass-through certificates from 249 U.S. residential mortgage-backed securities (RMBS) transactions to 'D (sf)'. In addition, we placed our ratings on five other classes from one of these transactions on CreditWatch with negative implications. The transactions within this review were issued between...
Companies mentioned in this report are: 2003-CB2 Trust
Action: Downgraded
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.
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