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S&P Credit Research3012 word report
published Jun 09, 2009
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S&P Credit Research
| Abstract: | OVERVIEW -- We reviewed 29 RMBS transactions backed by U.S. Alt-A collateral issued between 2003 and 2007. -- We lowered our ratings on 112 classes from 26 transactions, and affirmed our ratings on 134 classes from these transactions and three additional deals. -- We removed 67 of the lowered ratings and 44 of the affirmed ratings from CreditWatch negative. -- The downgrades reflect our belief that the amount of credit enhancement available for the downgraded classes will not be sufficient to cover our projected increase in losses due to increases in delinquencies and the current negative condition of the housing market. NEW YORK (Standard&Poor's) June 9, 2009--Standard&Poor's Ratings Services today lowered its ratings on 112 classes
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| Brief Excerpt: | RESEARCH Ratings Definitions 112 Ratings Lowered On 26 U.S. Alt-A RMBS Deals From 2003-2007; 134 Ratings Affirmed Publication date: 09-Jun-2009 Primary Credit Analyst: Michael Graffeo, New York (1) 212-438-2680; michael_graffeo@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | Alternative Loan Trust 2003-5T2
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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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