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S&P Credit Research2076 word report
published Jun 16, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services is refining its assumptions related to loss projections for U.S. prime jumbo residential mortgage-backed securities (RMBS) transactions issued in 2005-2007. We are publishing this article to help market participants better understand our approach to reviewing these transactions. This article is related to our criteria article "Principles-Based Rating Methodology For Global Structured Finance Securities," which we published May 29, 2007. Standard&Poor's is raising its estimate of projected losses for U.S. RMBS transactions backed by prime jumbo collateral issued in 2005, 2006, and 2007. This increase in our projections resulted from growth in the number of delinquent and defaulted loans beyond what we had previously projected based on our default curves for these vintages. Over
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| Brief Excerpt: | RESEARCH Ratings Definitions Criteria | Structured Finance | RMBS: Assumptions: Standard & Poor's Revises U.S. Prime Jumbo RMBS Lifetime Loss Projections For Transactions Issued In 2005, 2006, And 2007 Publication date: 16-Jun-2009...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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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.
