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S&P Credit Research887 word report
published Aug 23, 2006
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Aug. 23, 2006--Standard&Poor's Ratings Services today lowered its rating on the class B-4 certificate from Alternative Loan Trust 2003-5T2 to 'D' from 'CCC'. At the same time, the 'BB' ratings on the class B-3 certificates and the 'CCC' ratings on the class B-4 certificates from Alternative Loan Trust's series 2004-J1 and 2004-J8 remain on CreditWatch with negative implications, where they were placed April 27, 2006. Additionally, the remaining ratings on these series and the ratings on three other Alternative Loan Trust transactions are affirmed (see list). The lowered rating is based on interest shortfalls resulting from interest being paid on a written-down principal balance instead of to the amortized balance. The downgrade also
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| Brief Excerpt: | RESEARCH Ratings Definitions Alternative Loan Trust 2003-5T2 Class B-4 Rating Cut To æDÆ; Ratings Affirmed On Various Deals Publication date: 23-Aug-2006 NEW YORK (Standard & Poor's) Aug. 23, 2006--Standard & Poor's Ratings Services...
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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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