from
S&P Credit Research531 word report
published Sep 26, 2008
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Sept. 26, 2008--Standard&Poor's Ratings Services today placed all of its servicer rankings on Washington Mutual Bank, a subsidiary of Washington Mutual Inc. on CreditWatch with negative implications. The CreditWatch placements affect: -- Our ABOVE AVERAGE residential prime ranking; -- Our ABOVE AVERAGE residential subprime ranking; and -- Our AVERAGE commercial mortgage primary, master, and special servicer rankings. The CreditWatch negative placements follow the sale of Washington Mutual Inc. and its subsidiary bank to JP Morgan Chase and reflect the uncertainties that the sale presents regarding JP Morgan Chase's plans for the Washington Mutual servicing operations. Given JP Morgan Chase's quick acquisition of Washington Mutual, it is currently difficult to assess what the near-term
|
| Brief Excerpt: | RESEARCH Ratings Definitions Washington Mutual Servicer Rankings Placed On CreditWatch Negative Publication date: 26-Sep-2008 Primary Servicer Contact: Mary Chamberlain, Primary Servicer Contact, New York 212-438-3034; mary_chamberlain@standardandpoors....
|
| Report Type: | Ratings Action
|
| Ticker: | 28857Z
|
| Issuer: | Washington Mutual Bank
|
| GICS: | Thrifts & Mortgage Finance (40102010)
|
| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Financial Institutions, Global Issuers, Public Finance, Residential MBS, Structured Finance
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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
- Five Washington Mutual Bank LOC-Supported Bond Issue Ratings Affirmed $100.00
NEW YORK (Standard&Poor's) Oct. 15, 2008--Standard&Poor's Ratings Services today affirmed its ratings on five Washington Mutual Bank letter of credit (LOC)-supported bond issues (see list). These rating actions follow our Sept. 26, 2008, lowering ...
- Ratings On Washington Mutual Inc. Revised To 'D' After Receivership And Sale To JPMorgan Chase $100.00
NEW YORK (Standard&Poor's) Sept. 26, 2008--Standard&Poor's Ratings Services said today that it revised its counterparty credit rating and senior unsecured debt ratings on Washington Mutual Inc. (WaMu) to 'D' from 'CCC'. Standard&Poor's also ...
- Research Update: Washington Mutual Inc. Ratings Revised To 'D' After Receivership And Sale To JPMorgan Chase $175.00
On Sept. 26, 2008, Standard&Poor's Ratings Services revised its counterparty credit rating and senior unsecured debt ratings on Washington Mutual Inc. (WaMu) to 'D' from 'CCC'. At the same time, Standard&Poor's revised its subordinated debt ...
- WaMu Commercial Mortgage Primary, Master, And Special Servicer Rankings Affirmed $100.00
NEW YORK (Standard&Poor's) April 28, 2008--Standard&Poor's Ratings Services today affirmed its AVERAGE rankings on Washington Mutual Bank (WaMu) as a commercial mortgage primary, master, and special servicer. Concurrently, we revised our outlook ...
- WAMU Commercial Mortgage Servicer Ranking Lowered; Master, Special Rankings Affirmed $100.00
NEW YORK (Standard&Poor's) Feb. 16, 2007--Standard&Poor's Ratings Services today lowered its commercial mortgage servicer ranking on Washington Mutual Bank (WAMU) to AVERAGE from ABOVE AVERAGE. At the same time, the commercial mortgage master ...
- ABOVE AVERAGE Residential Prime, Subprime Servicer Rankings Assigned To Washington Mutual $175.00
NEW YORK (Standard & Poor's) May 8, 2006--Standard & Poor's Ratings Services today assigned its ABOVE AVERAGE residential prime and subprime servicer rankings to Washington Mutual Bank (WAMU), a wholly owned subsidiary of Washington Mutual ...
- Servicer Evaluation: Washington Mutual Bank $400.00
The ranking for Washington Mutual Bank (WMB) for Primary Commercial Mortgage Servicing is raised to ABOVE AVERAGE from AVERAGE. The rankings for Master and Special Commercial Mortgage Servicing are affirmed at AVERAGE. The outlook is stable. ...
- Servicer Evaluation: Washington Mutual Bank F.A. $400.00
(Editor's note: The following report was completed May 2003) Washington Mutual Bank F.A. (WMBFA) is assigned an AVERAGE ranking as a Primary, Master, and Special Commercial Mortgage Servicer. The rankings are based on an experienced management ...
