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S&P Warns ? Again ? on Alt-A First Liens

By PAUL JACKSON

Standard & Poor’s Ratings Services said earlier this week that its ratings on 9,430 classes from 1,077 U.S. first-lien Alt-A RMBS transactions issued in 2005, 2006, and 2007 had been placed on CreditWatch with negative implications — otherwise translated as “downgrade imminent.” The affected classes had an original par amount of approximately $552.83 billion, and [...]

Full post as published by Housing Wire on March 11, 2009 (boomark / email).