Moody's Investors Service has placed the ratings of 262 residential mortgage resecuritization tranches on watch for possible downgrade. Combined, the resecuritized residential mortgage-backed securities affected have a current outstanding balance of $11 billion. "Increased losses on the underlying certificates are ... likely to affect the principal recovery on the junior resecuritization bonds and probably the senior resecuritization bonds as well," the rating agency said. The resecuritization is backed by alternative-A credit or supbrime collateral RMBS issued from 2005 through 2008.
Processing Content
