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European RMBS CreditWatch Placements Following Expiry Of Counterparty Remedy Periods--Feb. 7, 2012 Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services today placed on CreditWatch negative its credit ratings on 122 tranches in 43 European residential mortgage-backed securities (RMBS) transactions where the counterparty plays a material role in supporting the ratings on the transaction. For the related media release, see "122 Ratings In 43 European RMBS Transactions Placed On CreditWatch Negative After Expiry Of Counterparty Remedy Periods," published on Feb. 7, 2012." The table below provides the transaction names, series, and ratings for the affected European RMBS tranches. 122 Ratings In 43 European RMBS Transactions Placed On CreditWatch Negative After Expiry Of Counterparty Remedy Periods, Feb. 7, 2012 Ratings On 305 Tranches In 120 European RMBS Transactions Placed On CreditWatch Negative After Bank Rating Actions, Dec....
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.
Equity Release Funding (No.1) PLC,Equity Release Funding (No.2) PLC,RMAC 2003-NS1 PLC,RMAC 2003-NS2 PLC,RMAC 2003-NS3 PLC,RMAC 2003-NS4 PLC,RMAC 2004-NS1 PLC,Marble Arch Residential Securitisation No.2 Ltd.,RMAC 2004-NSP 2 PLC,Mortgages No. 6 PLC,Preferred Residential Securities 8 PLC,Auburn Securities 4 PLC,Residential Mortgage Securities 19 PLC,RMAC 2004-NSP4 PLC,Bluestone Securities PLC,RMAC 2005-NS1 PLC,Lothian Mortgages (No. 4) PLC,RMAC 2005-NSP2 PLC,Money Partners Securities 1 PLC,Mortgages No 7 PLC,Southern Pacific Securities 05-2 PLC,Auburn Securities 5 PLC,RMAC 2005-NS3 PLC,Residential Mortgage Securities 21 PLC,Preferred Residential Securities 05-2 PLC,Southern Pacific Securities 05-3 PLC,RMAC 2005-NS4 PLC,Preferred Residential Securities 06-1 PLC,RMAC Securities No. 1 PLC,Newgate Funding PLC,Landmark Mortgage Securities No.1 PLC,Marble Arch Residential Securitisation No. 4 PLC,Ludgate Funding PLC,Kildare Securities Ltd.,Eurosail-UK 2007-1NC PLC,Brunel Residential Mortgage Securitisation No. 1 PLC,Landmark Mortgage Securities No. 2 PLC,E-MAC Program II B.V. Compartment NL 2007-IV,Residential Mortgage Securities 23 PLC