S&P Downgrades $5.56 Bln In Alt-A-Backed RMBS

12 Oct 2009

Standard & Poor’s has lowered the rating on $5.56 billion of residential mortgage-backed securities backed by Alt-A mortgages vintages 2005 to 2007.

Standard & Poor’s has lowered the rating on $5.56 billion of residential mortgage-backed securities backed by Alt-A mortgages vintages 2005 to 2007. In the latest round of downgrades, S&P cut the ratings on 390 classes from 27 RMBS deals, with 13 of the classes lowered to default. The ...

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