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S&P Credit Research2003 word report
published Jun 08, 2009
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S&P Credit Research
| Abstract: | OVERVIEW -- We reviewed eight RMBS transactions backed by U.S. Alt-A mortgage loan collateral issued in 2005 and 2006. -- We lowered our ratings on 104 classes from these transactions, and affirmed our ratings on 45 classes from four of the transactions. -- The downgrades reflect our belief that the amount of credit enhancement available for the downgraded classes will not be sufficient to cover our projected loss increase due to increases in delinquencies and the current negative condition of the housing market. NEW YORK (Standard&Poor's) June 8, 2009--Standard&Poor's Ratings Services today lowered its ratings on 104 classes from eight U.S. Alternative-A (Alt-A) residential mortgage-backed securities (RMBS) transactions issued in 2005 and 2006. We removed 49
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| Brief Excerpt: | RESEARCH Ratings Definitions 104 Ratings Lowered On Eight U.S. Alt-A RMBS Transactions From 2005 And 2006; 45 Ratings Affirmed Publication date: 08-Jun-2009 Primary Credit Analyst: Henry Barash, New York (1) 212-438-3514; henry_barash@standardandpoors.c...
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| Report Type: | Ratings Action
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| Issuer: | Alternative Loan Trust 2005-23CB
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| Sector: | Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- New Issue: Alternative Loan Trust 2005-23CB $400.00
The ratings assigned to Alternative Loan Trust 2005-23CB's mortgage pass-through certificates series 2005-23CB are based on a level of credit enhancement that meets Standard&Poor's requirements given the risk assessment of the collateral as ...
