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S&P Credit Research1312 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | OVERVIEW We lowered our ratings on all 14 classes of certificates from Alternative Loan Trust Resecuritization 2007-26R. The downgrades reflect the rapid deterioration in the performance of the mortgages backing the underlying certificates. NEW YORK (Standard&Poor's) Nov. 4, 2009--Standard&Poor's Ratings Services today lowered its ratings on 14 classes of certificates from Alternative Loan Trust Resecuritization 2007-26R (ALT 2007-26R), a U.S. residential mortgage-backed securities (RMBS) re-securitized real estate mortgage investment conduit (re-REMIC) transaction (see list). The downgrades reflect the significant deterioration in the performance of the loans backing the underlying certificates. This performance deterioration is so severe that the credit enhancement for ALT 2007-26R is insufficient to maintain the ratings on the re-REMIC classes. ALT 2007-26R, which
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| Brief Excerpt: | RESEARCH Ratings Definitions Alternative Loan Trust Resecuritization 2007-26R RMBS Re-REMIC Ratings Lowered On 14 Classes Publication date: 04-Nov-2009 Primary Credit Analyst: Jeremy Schneider, New York (1) 212-438-5230; jeremy_schneider@standardandpoor...
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| Report Type: | Ratings Action
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| Issuer: | Alternative Loan Trust Resecuritization 2007-26R
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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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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.
Also from S&P Credit Research
- New Issue: Alternative Loan Trust Resecuritization 2007-26R $400.00
On the closing date, CWALT Inc., as depositor, will convey the underlying pooled certificates to The Bank of New York as trustee under the trust agreement. The underlying pooled certificates consists of 50.0000000% ownership interest in the ...
