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S&P Credit Research1877 word report
published Apr 18, 2003
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S&P Credit Research
| Abstract: | The ratings assigned to Alternative Loan Trust 2003-5T2's mortgage pass-through certificates, series 2003-13, are based on a level of credit enhancement that meets Standard & Poor's requirements given the risk assessment of the collateral as well as a legal structure designed to minimize potential losses to investors caused by the originator's bankruptcy. The 15 rated classes, along with one unrated subordinate class, evidence an ownership interest in a trust fund. The trust consists primarily of a pool of 30-year, conventional fixed-rate, fully amortizing mortgage loans secured by first liens on one- to four-family residential properties. The mortgage loans were originated or acquired by the originator and will be master-serviced by Countrywide Home Loans Servicing LP. Table 2 provides additional characteristics
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| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Alternative Loan Trust 2003-5T2 $500 million mortgage pass-through certificates series 2003-13 Publication date: 18-Apr-2003 Ratings Detail Profile New Ratings Classes A-1, A-2, A-3, A-4, A-5,...
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| Report Type: | Full Report
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| Issuer: | Alternative Loan Trust 2003-5T2
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| Sector: | Residential MBS, Structured Finance
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| Free Sample: |
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| Format: | | HTML |  |
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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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