Several Option ARM Ratings Slip

Published January 17, 2008, 2:00 p.m. EST

1 Min Read

Moody's Investors Services has downgraded certain ratings from several option ARM deals, citing in each case a combination of methodology updates and performance concerns. Issuers with some ratings affected by delinquencies or the effect of the methodology update on nondelinquent portions of the transactions include American Home, CWALT Inc. (Countrywide), GreenPoint Mortgage Funding Trust, Lehman XS Trust, and Residential Accredit Loans Inc. Moody's can be found online at http://www.moodys.com.

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