Moody’s puts more MBS tranches on review for downgrade
Moody’s has put 66 tranches from 33 RMBS issued in 2005 and 2006 on review for possible downgrade.
The RMBS largely consist of first-lien, fixed- and adjustable-rate Alt-A mortgage loans rated Baa or lower. Total value of the securities affected is approximately $318 million.
“While these deals have not experienced significant actual pool losses to date, credit enhancement – provided by subordination, overcollateralisation and excess spread – may be low compared with the amount of loans in
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