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Reperforming Deal Suffers.
NEW YORK -- Two certificates from Reperforming Loan REMIC Trust Certificates series 2003-R4 have been downgraded by Moody's Investors Service.
Class B-3 was downgraded from Ba2 to B2, and class B-4 was downgraded from B2 to Ca. Moody's also confirmed the rating on class B-2 of the transaction.
The downgrades were attributed to credit enhancement levels that are low in view of projected losses on the underlying pools.
The transaction consists of securitizations of reperforming ...
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Source: HighBeam Research, Reperforming Deal Suffers.