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S&P Corrects Seven Ratings From Seven Radian Asset Assurance Inc.-Related U.S. RMBS Transactions From 2003-2005 Mar 12 Product Image

S&P Corrects Seven Ratings From Seven Radian Asset Assurance Inc.-Related U.S. RMBS Transactions From 2003-2005 Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
OVERVIEW We corrected our ratings on six classes from six transactions insured by Radian Asset Assurance Inc. (Radian) by lowering them to 'B+ (sf)' from 'BB- (sf)'. We also corrected our rating on class A-4 from CHL Mortgage Pass-Through Trust 2004-4 by reinstating it at 'AA (sf)'. We then lowered the rating to 'A- (sf)'. This class is also insured by Radian. The rating corrections and downgrade reflect our bond insurance criteria whereby the rating on an insured class is the higher of the rating on the insurer and the rating on the class without the benefit of the insurance. NEW YORK (Standard & Poor's) March 8, 2012--Standard & Poor's Ratings Services today corrected its ratings on six classes from...

Companies mentioned in this report are: ABFS Mortgage Loan Trust 2003-1,Option One Woodbridge Loan Trust 2003-2,Option One Woodbridge Loan Trust 2004-1,CHL Mortgage Pass-Through Trust 2004-4,Alternative Loan Trust 2005-13CB ,Alternative Loan Trust 2005-19CB,RALI Series 2005-QS5 Trust
Action: Downgraded
Action: Rating Reinstated

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ABFS Mortgage Loan Trust 2003-1,Option One Woodbridge Loan Trust 2003-2,Option One Woodbridge Loan Trust 2004-1,CHL Mortgage Pass-Through Trust 2004-4,Alternative Loan Trust 2005-13CB ,Alternative Loan Trust 2005-19CB,RALI Series 2005-QS5 Trust

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