Abstract: NEW YORK (Standard&Poor's) Sept. 26, 2008--Standard&Poor's Ratings Services today removed Aurora Loan Services Inc. (Aurora) and Lehman Bros. Small Business Finance Inc., two Lehman Bros. Bank FSB-owned servicers, from its Select Servicer List. All rankings on these companies remain on CreditWatch with developing implications, where they were placed on Sept. 12, 2008 (see list). We removed these servicers from our Select Servicer List following the withdrawal of our corporate credit ratings on Lehman Bros. Holdings Inc. and its related entities on Sept. 25, 2008. For more information about the actions affecting Lehman Bros., please see the related research update, "Ratings On Lehman Brothers Holdings Inc. And All Related Entities Withdrawn," published Sept. 25, 2008. As a

Brief Excerpt: RESEARCH Ratings Definitions Two Lehman-Related Servicers Off Select List After Corporate Rating Withdrawal; On Watch Dev Publication date: 26-Sep-2008 Servicer Analysts: Michael S Merriam, New York (1) 212-438-2548; michael_merriam@standardandpoors.com...

Report Type: News
Issuer: Aurora Loan Services Inc.
Sector: Asset-Backed Securities, Residential MBS, Structured Finance
Country: United States
Region: United States
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 S&P Credit Research
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.