Report title: 120 Ratings Lowered On 13 U.S. Alt-A RMBS Transactions From 2005-2007; Seven Ratings Affirmed
from S&P Credit Research
2002 word report published Jul 09, 2009

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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

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...

Report Type: Ratings Action
Issuer: American Home Mortgage Investment Trust 2007-2
Sector: Structured Finance
Country: United States
Region: United States
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