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S&P Credit Research553 word report
published May 10, 2005
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) May 10, 2005--Standard&Poor's Ratings Services today lowered its ratings on three classes of mortgage pass-through certificates from two transactions issued by Alternative Loan Trust and serviced by Countrywide Home Loans Inc. At the same time, ratings are affirmed on the remaining certificates from the deals (see list). The lowered ratings reflect a decrease in credit support to the subordinate classes. The reduction in credit support is due to inconsistent net losses, which exhausted the credit support of these classes. Current credit support ranges from 0.00% to 0.57%. The affirmations reflect the adequate credit support currently available to each rated class. These credit support levels are sufficient to protect the classes from losses on
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings Lowered On Three Classes From Two Alternative Loan Trust Transactions Publication date: 10-May-2005 NEW YORK (Standard & Poor's) May 10, 2005--Standard & Poor's Ratings Services today lowered its...
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| Report Type: | Ratings Action
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| Issuer: | Alternative Loan Trust 2003-5T2
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| Sector: | Residential MBS, 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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