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S&P Credit Research2649 word report
published Jun 11, 2009
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S&P Credit Research
| Abstract: | OVERVIEW -- We reviewed 20 RMBS transactions backed by U.S. Alt-A mortgage loan collateral issued from 2003 to 2007. -- We lowered our ratings on 116 classes from 20 of these transactions and affirmed our ratings on 117 classes from these transactions. -- We removed 102 of the lowered ratings and 17 of the affirmed ratings from CreditWatch with negative implications. -- The downgrades reflect our belief that credit enhancement will be insufficient to cover projected losses due to delinquencies and the current condition of the housing market. NEW YORK (Standard&Poor's) June 11, 2009--Standard&Poor's Ratings Services today lowered its ratings on 116 classes from 20 U.S. Alternative–A (Alt-A) residential mortgage-backed securities (RMBS) transactions issued from 2003
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| Brief Excerpt: | RESEARCH Ratings Definitions 116 Ratings Lowered On 20 U.S. Alternative-A RMBS Transactions Issued In 2003-2007; 117 Ratings Affirmed Publication date: 11-Jun-2009 Primary Credit Analyst: Peter Christensen, New York (1) 212-438-2465;...
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| Report Type: | Ratings Action
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| Issuer: | Banc of America Alternative Loan Trust 2004-4
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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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The ratings assigned to Banc of America Alternative Loan Trust 2004-4's mortgage-backed pass-through certificates series 2004-4 (groups 1 through 4) are based on levels of credit enhancement that meet Standard & Poor's requirements given the ...
