Reuters logo
BRIEF-Moody's reviews for downgrade European RMBS transactions with exposure to downgraded issuer account banks and lack of remedial actions
November 14, 2012 / 11:23 PM / in 5 years

BRIEF-Moody's reviews for downgrade European RMBS transactions with exposure to downgraded issuer account banks and lack of remedial actions

Nov 15 (Reuters) - Moody’s Investors Service has today placed on review for downgrade the ratings of Aaa (sf) and Aa (sf)-rated residential mortgage-backed securities (RMBS) that have increased counterparty risk arising from (1) indirect linkages to issuer account banks that were downgraded below Prime-1 during Q2 2012; and (2) the lack of structural protection to reduce their linkages to these downgraded banks. Today’s rating announcement affects 38 tranches in 20 RMBS transactions.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below