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Nine Ratings Raised From Two U.S. RMBS Transactions Issued In 2014 And 2016

Published Aug 09, 2018

5 pages (2115 words) — Published Aug 09, 2018

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Abstract:

OVERVIEW We reviewed 11 ratings on two U.S. RMBS credit risk transfer transactions issued in 2014 and 2016. The transactions are backed by prime conforming collateral. Of the 11 ratings, we raised nine and discontinued two. We also removed all of the ratings from CreditWatch positive. NEW YORK (S&P Global Ratings) Aug. 9, 2018--S&P Global Ratings today completed its review of 11 classes from two U.S. residential mortgage-backed securities (RMBS) credit risk transfer transactions issued in 2014 and 2016--Fannie Mae Connecticut Avenue Securities Series 2014-C02 and Freddie Mac Structured Agency Credit Risk Debt Notes Series 2016-DNA2. The transactions are backed by prime conforming collateral. The review yielded nine upgrades, and we removed these ratings from CreditWatch with positive implications. Additionally,

Brief Excerpt:

...OVERVIEW + We reviewed 11 ratings on two U.S. RMBS credit risk transfer transactions issued in 2014 and 2016. The transactions are backed by prime conforming collateral. + Of the 11 ratings, we raised nine and discontinued two. We also removed all of the ratings from CreditWatch positive. NEW YORK (S&P Global Ratings) Aug. 9, 2018--S&P Global Ratings today completed its review of 11 classes from two U.S. residential mortgage-backed securities (RMBS) credit risk transfer transactions issued in 2014 and 2016--Fannie Mae Connecticut Avenue Securities Series 2014-C02 and Freddie Mac Structured Agency Credit Risk Debt Notes Series 2016-DNA2. The transactions are backed by prime conforming collateral. The review yielded nine upgrades, and we removed these ratings from CreditWatch with positive implications. Additionally, we discontinued our ratings on two classes that paid in full and removed them from CreditWatch positive (see list). Today's rating actions resolve 11 of the 422 CreditWatch placements...

Report Type:

Ratings Action

Ticker

FNM

Issuer

Fannie Mae

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Nine Ratings Raised From Two U.S. RMBS Transactions Issued In 2014 And 2016" Aug 09, 2018. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Nine-Ratings-Raised-From-Two-U-S-RMBS-Transactions-Issued-In-2014-And-2016-2084583>

APA:	S&P Global Ratings’ Credit Research. (). Nine Ratings Raised From Two U.S. RMBS Transactions Issued In 2014 And 2016 Aug 09, 2018. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Nine-Ratings-Raised-From-Two-U-S-RMBS-Transactions-Issued-In-2014-And-2016-2084583>

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