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S&P Credit Research2639 word report
published Jun 10, 2009
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S&P Credit Research
| Abstract: | OVERVIEW -- We reviewed 23 RMBS transactions backed by U.S. Alt-A mortgage loan collateral issued in 2001-2007. -- We lowered our ratings on 74 classes from 19 of these transactions and affirmed our ratings on 174 classes from 20 of the reviewed transactions. --We removed 28 of the lowered ratings and 11 of the affirmed ratings from CreditWatch negative. -- The downgrades reflect our belief that the credit enhancement for the downgraded classes will be insufficient to cover our projected losses due to delinquencies and the current state of the housing market. NEW YORK (Standard&Poor's) June 10, 2009--Standard&Poor's Ratings Services today lowered its ratings on 74 classes from 19 residential mortgage-backed securities (RMBS) transactions backed by
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings Lowered On 74 Classes From 19 U.S. Alt-A RMBS Transactions Issued In 2001-2007; 174 Ratings Affirmed Publication date: 10-Jun-2009 Primary Credit Analyst: Jessica Rivera, New York (1) 212-438-1726;...
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| Report Type: | Ratings Action
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| Issuer: | HarborView Mortgage Loan Trust 2004-2
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| Sector: | Global Issuers, 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.
Also from S&P Credit Research
- New Issue: Harborview Mortgage Loan Trust 2004-2 $400.00
The ratings assigned to Harborview Mortgage Loan Trust 2004-2's mortgage pass-through certificates series 2004-2 are based on a level of credit enhancement that meets Standard & Poor's requirements given the quality of the loans, distribution ...
