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Various Rating Actions Taken In Four Spanish TDA CAM RMBS Transactions Feb 12 Product Image

Various Rating Actions Taken In Four Spanish TDA CAM RMBS Transactions Feb 12

  • ID: 2053174
  • February 2012
  • Region: Spain
  • Standard & Poors

Abstract
OVERVIEW These rating actions follow our analysis of the most recent available data. We have observed further deterioration in the performance of the collateral pools for four TDA CAM transactions and additional weaknesses in the structural features of each transaction. The results of our analysis show that some classes of notes cannot maintain their current ratings. As a result, we have lowered our ratings on several classes of notes in TDA CAM 7, 8, 9, and 10. We have also affirmed our ratings on several classes of notes in these transactions. Caja de Ahorros del Mediterraneo originated the Spanish mortgage loans that back these RMBS transactions. MADRID (Standard & Poor's) Feb. 8, 2012--Standard & Poor's Ratings Services today took various...

Companies mentioned in this report are:
- TDA CAM 7, Fondo de Titulizacion de Activos
- TDA CAM 8, Fondo de Titulizacion de Activos
- TDA CAM 9, Fondo de Titulizacion de Activos
- TDA CAM 10, Fondo de Titulizacion de Activos

Action: Affirmed
Action: Downgraded

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Note: Product cover images may vary from those shown

- TDA CAM 7, Fondo de Titulizacion de Activos
- TDA CAM 8, Fondo de Titulizacion de Activos
- TDA CAM 9, Fondo de Titulizacion de Activos
- TDA CAM 10, Fondo de Titulizacion de Activos

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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