DBRS Places 6,566 Classes from 576 U.S. RMBS Transactions Under Review
CMBSDBRS, Inc. has today placed 6,566 classes from 576 U.S. Residential Mortgage-Backed Securities (RMBS) transactions Under Review with Developing Implications.
The outstanding securities are placed Under Review with Developing Implications as DBRS applies its updated U.S. RMBS Surveillance methodology dated January 23, 2012. The methodology describes the application of the DBRS RMBS Insight model in the surveillance process (see “RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology” on www.dbrs.com). DBRS will apply the updated methodology and the RMBS Insight Model to undertake the re-rating of all the transactions that were reviewed under the previous U.S. Residential Mortgage-Backed Securities (RMBS) model.
As the review process progresses, DBRS will disclose the subsequent rating actions and ratings taken on the outstanding classes. DBRS expects current ratings to be either confirmed, downgraded or upgraded.
The principal methodologies applicable are U.S. RMBS Surveillance Methodology, dated January 2012 and RMBS Insight: U.S. Residential Mortgage-Backed Securities Loss Model and Rating Methodology, dated January 2012, which can be found on our website under Methodologies.
Ratings
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