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S&P Credit Research2002 word report
published Jul 09, 2009
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S&P Credit Research
| Abstract: | OVERVIEW We reviewed 13 RMBS transactions backed by U.S. Alt-A mortgage loan collateral issued in 2005, 2006 and 2007. We lowered our ratings on 120 classes from these transactions, and affirmed our ratings on seven classes from four of the transactions. We removed 88 of the lowered ratings from CreditWatch with negative implications and removed two 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 loss increase due to increases in delinquencies and the current negative condition of the housing market. NEW YORK (Standard&Poor's) July 9, 2009--Standard&Poor's Ratings Services today lowered its ratings on
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| Brief Excerpt: | RESEARCH Ratings Definitions 120 Ratings Lowered On 13 U.S. Alt-A RMBS Transactions From 2005-2007; Seven Ratings Affirmed Publication date: 09-Jul-2009 Primary Credit Analyst: Henry Barash, New York (1) 212-438-3514; henry_barash@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | American Home Mortgage Investment Trust 2007-2
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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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