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By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”).   References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates.

 

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Rating Action:

Corrections to Text, July 31, 2008 Release: Moody's Takes Action on Certain Deutsche Bank Alt-A deals

20 Aug 2008
Corrections to Text, July 31, 2008 Release: Moody's Takes Action on Certain Deutsche Bank Alt-A deals

New York, August 20, 2008 -- Rating actions for Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2005-6 appear incorrectly in the July 31 release.

The previous rating action did not accurately capture the additional support provided to the Classes I-A-1 and I-A-4 from the Class I-A-8. The correct ratings for the impacted tranches are as follows:

Cl. I-A-1, Currently Aaa,

Cl. I-A-4, Downgraded to Aa2 from Aaa.

Revised release follows:

Moody's Investors Service has downgraded the ratings of 177 tranches from 19 Alt-A transactions issued by Deutsche Bank. Eighteen downgraded tranches remain on review for possible downgrade. Additionally, 27 senior tranches were confirmed at Aaa. The collateral backing these transactions consists primarily of first-lien, fixed and adjustable-rate, Alt-A mortgage loans.

Ratings were downgraded, in general, based on higher than anticipated rates of delinquency, foreclosure, and REO in the underlying collateral relative to credit enhancement levels. Certain tranches were confirmed due to additional enhancement provided by structural features. The actions described below are a result of Moody's on-going review process.

Complete rating actions are as follows:

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2005-6

Cl. I-A-3, Downgraded to A1 from Aaa

Cl. I-A-4, Downgraded to Aa2 from Aaa

Cl. I-A-5, Downgraded to A1 from Aaa

Cl. I-A-6, Downgraded to A1 from Aaa

Cl. I-A-7, Downgraded to A1 from Aaa

Cl. I-A-PO, Downgraded to A1 from Aaa

Cl. II-A-1, Downgraded to A1 from Aaa

Cl. II-A-2, Downgraded to A1 from Aaa

Cl. II-A-PO, Downgraded to A1 from Aaa

Cl. II-A-3, Downgraded to Aa2 from Aaa

Cl. I-A-8, Downgraded to A2 from Aa1

Cl. II-A-4, Downgraded to A2 from Aa1

Issuer: Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR4

Cl. A-1, Downgraded to Aa2 from Aaa

Cl. A-2, Downgraded to Aa2 from Aaa

Cl. A-3, Downgraded to Ba2 from Aaa

Cl. M-1, Downgraded to B3 from B2; Placed Under Review for further Possible Downgrade

Cl. M-2, Downgraded to Ca from B3

Cl. M-3, Downgraded to Ca from B3

Cl. M-4, Downgraded to Ca from B3

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from B3

Issuer: Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR5

Cl. I-A-1, Downgraded to Baa1 from Aaa

Cl. I-A-2, Downgraded to Aa2 from Aaa

Cl. I-A-3, Downgraded to Baa1 from Aaa

Cl. I-A-4, Downgraded to B3 from Aaa; Placed Under Review for further Possible Downgrade

Cl. II-1A, Downgraded to A1 from Aaa

Cl. II-2A, Downgraded to A1 from Aaa

Cl. II-3A, Downgraded to A2 from Aaa

Cl. II-X1, Downgraded to A1 from Aaa

Cl. II-X2, Downgraded to A1 from Aaa

Cl. II-PO, Downgraded to A1 from Aaa

Cl. I-M-1, Downgraded to Ca from B3

Cl. I-M-2, Downgraded to Ca from B3

Cl. I-M-3, Downgraded to Ca from Caa1

Cl. I-M-4, Downgraded to Ca from Caa1

Cl. I-M-5, Downgraded to Ca from Caa1

Cl. I-M-6, Downgraded to Ca from Caa1

Issuer: Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-1

Cl. I-A-1, Downgraded to Aa1 from Aaa

Cl. I-A-2, Downgraded to Aa3 from Aaa

Cl. I-A-3A, Downgraded to A1 from Aaa

Cl. I-A-3B, Downgraded to A1 from Aaa

Cl. I-A-3C, Downgraded to A1 from Aaa

Cl. I-A-4B, Downgraded to A2 from Aaa

Cl. II-A-1, Downgraded to Aa3 from Aaa

Cl. A-5, Downgraded to Ba3 from Aaa

Cl. M-1, Downgraded to B3 from B1; Placed Under Review for further Possible Downgrade

Cl. M-2, Downgraded to Caa2 from B1

Cl. M-3, Downgraded to Ca from B1

Cl. M-4, Downgraded to Ca from B2

Cl. M-5, Downgraded to Ca from B3

Issuer: Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-2

Cl. I-A-2, Downgraded to Baa3 from Aaa

Cl. II-A-2, Downgraded to Baa3 from Aaa

Cl. M-1, Downgraded to Ba2 from A1

Cl. M-2, Downgraded to B1 from Baa1

Cl. M-3, Downgraded to B1 from Baa2; Placed Under Review for further Possible Downgrade

Cl. M-4, Downgraded to B2 from Ba1; Placed Under Review for further Possible Downgrade

Cl. M-5, Downgraded to B3 from Ba3; Placed Under Review for further Possible Downgrade

Cl. M-6, Downgraded to Caa1 from B1; Placed Under Review for further Possible Downgrade

Cl. M-7, Downgraded to Ca from B1

Cl. M-8, Downgraded to Ca from B1

Cl. M-9, Downgraded to Ca from B1

Issuer: Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-AR2

Cl. A-1, Confirmed at Aaa

Cl. A-2, Downgraded to Baa2 from Aaa

Cl. A-3, Downgraded to Ba3 from Aaa

Cl. A-4, Confirmed at Aaa

Cl. A-5, Confirmed at Aaa

Cl. A-6, Downgraded to Baa2 from Aaa

Cl. A-7, Downgraded to Baa2 from Aaa

Cl. M-2, Downgraded to Ca from B3

Cl. M-3, Downgraded to Ca from Caa1

Cl. M-4, Downgraded to Ca from Caa1

Cl. M-5, Downgraded to Ca from Caa1

Issuer: Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-BAR1

Cl. A-1, Downgraded to Aa2 from Aaa

Cl. A-2, Downgraded to A1 from Aaa

Cl. A-3, Downgraded to Ba1 from Aaa

Cl. A-4, Downgraded to Ba2 from Aaa

Cl. A-5, Downgraded to B3 from Aaa; Placed Under Review for further Possible Downgrade

Cl. M-1, Downgraded to Caa1 from Aa1

Cl. M-2, Downgraded to Caa2 from Aa2

Cl. M-3, Downgraded to Caa3 from Aa3

Cl. M-4, Downgraded to Ca from Baa3

Cl. M-5, Downgraded to Ca from Ba2

Cl. M-6, Downgraded to Ca from Ba3

Cl. M-7, Downgraded to Ca from B2

Cl. M-8, Downgraded to Ca from Caa1

Cl. M-9, Downgraded to Ca from Caa3

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2006-AF1

Cl. A-5, Downgraded to A1 from Aaa

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from B3

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2006-AR1

Cl. I-A-2, Downgraded to Aa2 from Aaa

Cl. I-A-3, Downgraded to Aa3 from Aaa

Cl. I-A-4, Downgraded to Ba3 from Aaa

Cl. I-M-1, Downgraded to B2 from Ba1; Placed Under Review for further Possible Downgrade

Cl. I-M-3, Downgraded to Ca from B3

Cl. I-M-4, Downgraded to Ca from B3

Cl. I-M-5, Downgraded to Ca from B3

Cl. I-M-6, Downgraded to Ca from Caa1

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2006-AR2

Cl. A-1-1, Confirmed at Aaa

Cl. A-1-2, Confirmed at Aaa

Cl. A-2, Downgraded to Baa2 from Aaa

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from B3

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2006-AR3

Cl. A-1, Downgraded to Baa1 from Aaa

Cl. A-2, Downgraded to Baa1 from Aaa

Cl. A-3, Downgraded to A1 from Aaa

Cl. A-4, Downgraded to A2 from Aaa

Cl. A-5, Downgraded to A3 from Aaa

Cl. A-6, Downgraded to Baa2 from Aaa

Cl. A-7, Downgraded to B3 from Aaa; Placed Under Review for further Possible Downgrade

Cl. M-1, Downgraded to Ca from B3

Cl. M-2, Downgraded to Ca from B3

Cl. M-3, Downgraded to Ca from Caa1

Cl. M-4, Downgraded to Ca from Caa1

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2006-AR6

Cl. A-1, Confirmed at Aaa

Cl. A-2, Downgraded to Aa1 from Aaa

Cl. A-3, Downgraded to Aa1 from Aaa

Cl. A-4, Downgraded to A2 from Aaa

Cl. A-5, Downgraded to A3 from Aaa

Cl. A-6, Confirmed at Aaa

Cl. A-7, Downgraded to A3 from Aaa

Cl. A-8, Downgraded to Ba3 from Aaa

Cl. M-1, Downgraded to B3 from B2; Placed Under Review for further Possible Downgrade

Cl. M-2, Downgraded to Ca from B3

Cl. M-3, Downgraded to Ca from B3

Cl. M-4, Downgraded to Ca from B3

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from Caa1

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2007-AR1

Cl. A-1, Downgraded to Baa1 from Aaa

Cl. A-2, Downgraded to Baa1 from Aaa

Cl. A-3A, Downgraded to Aa2 from Aaa

Cl. A-3B, Confirmed at Aaa

Cl. A-3C, Downgraded to Aa3 from Aaa

Cl. A-4, Downgraded to Baa1 from Aaa

Cl. A-5, Downgraded to Baa2 from Aaa

Cl. A-6, Downgraded to B1 from Aaa; Placed Under Review for further Possible Downgrade

Cl. M-1, Downgraded to B3 from B2; Placed Under Review for further Possible Downgrade

Cl. M-2, Downgraded to Ca from B3

Cl. M-3, Downgraded to Ca from B3

Cl. M-4, Downgraded to Ca from B3

Issuer: Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2007-AR3

Cl. II-A-1, Downgraded to Aa3 from Aaa

Cl. II-A-2A, Confirmed at Aaa

Cl. II-A-2B, Confirmed at Aaa

Cl. II-A-3, Downgraded to A2 from Aaa

Cl. II-A-4, Downgraded to A1 from Aaa

Cl. II-A-5, Downgraded to Aa1 from Aaa

Cl. II-A-6, Downgraded to A2 from Aaa

Cl. II-A-7, Downgraded to Ba3 from Aaa

Cl. I-M-1, Downgraded to Ca from B3

Cl. I-M-2, Downgraded to Ca from B3

Cl. II-M-2, Downgraded to B3 from B2; Placed Under Review for further Possible Downgrade

Cl. II-M-3, Downgraded to Ca from B3

Cl. II-M-4, Downgraded to Ca from B3

Cl. II-M-5, Downgraded to Ca from B3

Issuer: Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-AB1

Cl. A-1-A, Downgraded to Baa1 from Aaa

Cl. A-1-B, Downgraded to Baa1 from Aaa

Cl. A-1-C, Downgraded to Baa2 from Aaa

Cl. A-4, Downgraded to Baa2 from Aaa

Cl. A-X-2, Downgraded to Baa2 from Aaa

Cl. A-2-A, Confirmed at Aaa

Cl. A-2-B, Downgraded to Baa2 from Aaa

Cl. A-2-C, Downgraded to Baa2 from Aaa

Cl. A-2-D, Downgraded to Baa2 from Aaa

Cl. A-X, Confirmed at Aaa

Issuer: Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-AB4

Cl. A-1A, Confirmed at Aaa

Cl. A-1B-1, Confirmed at Aaa

Cl. A-1C, Downgraded to Aa1 from Aaa

Cl. A-2, Downgraded to Baa2 from Aaa

Cl. A-3, Downgraded to Baa2 from Aaa

Cl. A-3A-1, Downgraded to Aa2 from Aaa

Cl. A-4B, Downgraded to Baa3 from Aaa

Cl. A-4C, Downgraded to Baa3 from Aaa

Cl. A-6A-1, Confirmed at Aaa

Cl. A-6A-2, Confirmed at Aaa

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from B3

Cl. M-7, Downgraded to Ca from B3

Cl. M-8, Downgraded to Ca from B3

Cl. M-9, Downgraded to Ca from Caa1

Cl. M-10, Downgraded to Ca from Caa1

Issuer: Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-AB1

Cl. A-1, Downgraded to A1 from Aaa

Cl. AI-1, Downgraded to A1 from Aaa

Cl. X, Downgraded to A1 from Aaa

Cl. PO, Downgraded to B2 from Aaa; Placed Under Review for further Possible Downgrade

Cl. A-2, Downgraded to B3 from Aaa; Placed Under Review for further Possible Downgrade

Cl. AI-2, Downgraded to B3 from Aaa; Placed Under Review for further Possible Downgrade

Cl. B-1, Downgraded to Caa2 from B2

Issuer: Deutsche Alt-B Securities, Inc. Mortgage Loan Trust Series 2006-AB2

Cl. A-1, Confirmed at Aaa

Cl. A-2, Confirmed at Aaa

Cl. A-3, Confirmed at Aaa

Cl. A-5B, Confirmed at Aaa

Cl. A-8, Confirmed at Aaa

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from B3

Issuer: Deutsche Alt-B Securities, Inc. Mortgage Loan Trust Series 2006-AB3

Cl. A-1, Confirmed at Aaa

Cl. A-2, Confirmed at Aaa

Cl. A-3, Confirmed at Aaa

Cl. A-5B, Confirmed at Aaa

Cl. A-7, Confirmed at Aaa

Cl. A-8, Confirmed at Aaa

Cl. M-1, Downgraded to B2 from Ba3; Placed Under Review for further Possible Downgrade

Cl. M-4, Downgraded to Ca from B3

Cl. M-5, Downgraded to Ca from B3

Cl. M-6, Downgraded to Ca from B3

Cl. M-7, Downgraded to Ca from Caa1

A list of these actions including CUSIP identifiers may be found at:

Excel: http://www.moodys.com/cust/getdocumentByNotesDocId.asp?criteria=PBS_SF139104

For more information please see www.moodys.com

New York
Amelia (Amy) Tobey
Vice President - Senior Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Ilana Fried
Senior Associate
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
© 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

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MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.

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