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Rating Action:

Moody's Downgrades Certain RAST Alt-A deals

09 May 2008
Moody's Downgrades Certain RAST Alt-A deals

New York, May 09, 2008 -- Moody's Investors Service has downgraded the ratings of 29 tranches from 13 Alt-A transactions issued by Residential Asset Securitization Trust. Six tranches remain on review for possible further downgrade. Additionally, 132 tranches were placed on review for possible downgrade

The collateral backing these transactions consists primarily of first-lien, fixed -rate, Alt-A mortgage loans. The 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. The actions described below are a result of Moody's on-going review process.

Complete rating actions are as follows:

Issuer: Residential Asset Securitization Trust 2005-A11CB

Cl. B-1, Downgraded to A3 from Aa2

Cl. B-2, Downgraded to Baa1 from Aa3

Cl. B-3, Downgraded to Ba3 from A2

Cl. B-4, Downgraded to B2 from A3

Cl. B-5, Downgraded to B2 from Baa2; Placed Under Review for further Possible Downgrade

Cl. B-6, Downgraded to B3 from Baa3; Placed Under Review for further Possible Downgrade

Issuer: Residential Asset Securitization Trust 2005-A12

Cl. A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. B-1, Downgraded to A3 from Aa2

Cl. B-3, Downgraded to B1 from A2

Cl. B-5, Downgraded to B3 from Baa2; Placed Under Review for further Possible Downgrade

Issuer: Residential Asset Securitization Trust 2005-A15

Cl. 1-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-9, Placed on Review for Possible Downgrade, currently Aa1

Cl. 1-A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-12, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-13, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2-A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 4-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 5-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. B-1, Downgraded to Ba1 from Aa2

Cl. B-2, Downgraded to B2 from Baa1; Placed Under Review for further Possible Downgrade

Cl. B-3, Downgraded to Ca from B1

Issuer: Residential Asset Securitization Trust 2006-A1

Cl. I-B-1, Downgraded to A2 from Aa2

Issuer: Residential Asset Securitization Trust 2006-A11

Cl. 1-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-6, Placed on Review for Possible Downgrade, currently Aa1

Cl. 1-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-1, Placed on Review for Possible Downgrade, currently Aaa

Issuer: Residential Asset Securitization Trust 2006-A14CB

Cl. 1-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-4, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. 2-A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Issuer: Residential Asset Securitization Trust 2006-A3CB

Cl. A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Issuer: Residential Asset Securitization Trust 2006-A4IP

Cl. 1-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-PO, Placed on Review for Possible Downgrade, currently Aaa

Issuer: Residential Asset Securitization Trust 2006-A5CB

Cl. A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-5, Placed on Review for Possible Downgrade, currently Aa1

Cl. A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. B-1, Downgraded to B2 from Aa3

Cl. B-2, Downgraded to Caa3 from Ba3

Cl. B-3, Downgraded to Ca from B3

Issuer: Residential Asset Securitization Trust 2006-A7CB

Cl. 1-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. B-1, Downgraded to Ba2 from Aa2

Cl. B-2, Downgraded to Ca from Ba2

Cl. B-3, Downgraded to Ca from B3

Issuer: Residential Asset Securitization Trust 2006-A8

Cl. 1-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 1-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 2-A-8, Placed on Review for Possible Downgrade, currently Aa1

Cl. 3-A-1, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. 3-A-11, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. B-1, Downgraded to B2 from Aa2

Cl. B-2, Downgraded to B2 from Aa3; Placed Under Review for further Possible Downgrade

Cl. B-3, Downgraded to B3 from Baa3; Placed Under Review for further Possible Downgrade

Cl. B-4, Downgraded to Ca from Ba3

Cl. B-5, Downgraded to Ca from B2

Cl. B-6, Downgraded to Ca from B3

Cl. B-7, Downgraded to Ca from Caa2

Issuer: Residential Asset Securitization Trust 2006-A9CB

Cl. A-2, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-3, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-4, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-5, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-6, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-7, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-8, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-9, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-10, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-11, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-12, Placed on Review for Possible Downgrade, currently Aaa

Cl. A-X, Placed on Review for Possible Downgrade, currently Aaa

Cl. PO, Placed on Review for Possible Downgrade, currently Aaa

Cl. B-1, Downgraded to B3 from Aa2

Cl. B-2, Downgraded to Ca from Ba2

Cl. B-3, Downgraded to Ca from B3

Issuer: Residential Asset Securitization Trust 2007-A1

Cl. A-2, Placed on Review for Possible Downgrade, currently Aa1

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

Excel: http://www.moodys.com/cust/getdocumentByNotesDocId.asp?criteria=PBS_SF131883

For more information please see www.moodys.com.

New York
Navneet Agarwal
VP - Senior Credit Officer
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.
© 2019 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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