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30 U.S. RMBS Ratings Put On CreditWatch Negative Due To Interest Shortfalls; 13 Other Ratings Remain On Watch Negative Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW We reviewed certain classes from 28 U.S. RMBS transactions backed by various collateral types. We placed our ratings on 30 classes from 23 of these transactions on CreditWatch negative. In addition, our ratings on 13 classes from five additional transactions 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) Jan. 27, 2012--Standard & Poor's Ratings Services today placed its ratings on 30 classes from 23 U.S. residential mortgage-backed securities (RMBS) transactions on CreditWatch with negative implications. In addition, our ratings on 13 classes from five other transactions remain on CreditWatch negative (see list). Today's CreditWatch placements reflect our view of the current interest...
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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