(Reuters) - The rating agency said credit support levels for those
securities had also begun showing signs of erosion. In
addition, DBRS said it placed 15 RMBS classes under review for
possible downgrade while raising the ratings on 17 classes with
higher levels of credit enhancement.
DBRS said the downgrades and reviews were triggered by the
increasing volume of delinquencies of 90 days or more in
subprime loans that back the RMBS securities. For a detailed
list of rating actions, see [ID:nDBR7G71qa].
Read more at Reuters.com Bonds News
securities had also begun showing signs of erosion. In
addition, DBRS said it placed 15 RMBS classes under review for
possible downgrade while raising the ratings on 17 classes with
higher levels of credit enhancement.
DBRS said the downgrades and reviews were triggered by the
increasing volume of delinquencies of 90 days or more in
subprime loans that back the RMBS securities. For a detailed
list of rating actions, see [ID:nDBR7G71qa].
Read more at Reuters.com Bonds News
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