S&P Downgrades $23.4 Billion Of 2007 RMBS

Standard & Poor’s today downgraded $23.35 billion, or 1,713 classes, of U.S. residential mortgage-backed securities backed by first-lien subprime, Alt-A and closed-end second lien mortgages issued in the first half of 2007.

  • 17 Oct 2007

--Aaron Johnson

Standard & Poor’s today downgraded $23.35 billion, or 1,713 classes, of U.S. residential mortgage-backed securities backed by first-lien subprime, Alt-A and closed-end second lien mortgages issued in the first half of 2007. The downgraded tranches account for 4.7% of the $495 billion of all U.S. RMBS backed ...

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2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
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