Title:

U.S. Subprime RMBS 2005-2007 Vintage Rating Actions Update: May 2008

Price:$550.00
Publication Date:May 08, 2008
Report Type:Special Report
Brief Excerpt:...On April #, ####, Moody's announced that it was releasing rating actions on subprime residential mortgage-backed securi ties (RMBS) as part of its on-going RMBS surveillance process. Moody's began releasing rating actions that day and, through the review's conclusion on Apri l ##, took action on #,### subprime first lien-backed securities issued from H# ### # through ####. The rating adjustments varied based on the securities' current ratings, level of credit enhancement, pool- specific historical performance, quarter of origination, collateral characteristics, and other qualitative factors. Also as pa rt of its ongoing surveillance, Moody's has recently taken numerous actions on subprime first lien-backed securities issued during the first half of #### as well as second lien-backed securities issued in ####, ####, and ####. This report, the th ird in a series, updates and summarizes Moody's rating actions to date on su bprime RMBS issued since ####. ...
Word Count:11631
Length:16 Pages
Format:Adobe Acrobat Adobe Acrobat
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Moody's Global Credit Research

Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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