S&P Downgrades More Alt-A RMBS

02 Sep 2009

Standard & Poor’s has downgraded an additional 1,558 classes from 114 Alt-A residential mortgage backed securities transactions.

Standard & Poor’s has downgraded an additional 1,558 classes from 114 Alt-A residential mortgage backed securities transactions. According to S&P, the lowered ratings reflect its belief that credit enhancement for the affected classes would be insufficient to cover projected losses from rising delinquencies and the weak housing market.

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