Moody's Takes Action on Certain Countrywide Option ARM deals
New York, September 03, 2008 -- Moody's Investors Service has downgraded the ratings of 311 tanches and
placed 6 tranche on review for downgrade from 29 Option ARM transactions
issued by Countrywide in 2006 and 2007. Forty six tranches that
were downgraded remain on review for possible further downgrade.
Additionally, 29 senior tranches were confirmed at Aaa. The
collateral backing these transactions consists primarily of first-lien,
hybrid and adjustable rate, negatively amortizing 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.
The actions described below are a result of Moody's on-going review
process.
Moody's Investors Service also took action on certain insured notes as
identified below. The ratings on securities that are guaranteed
or "wrapped" by a financial guarantor is the higher of a) the rating of
the guarantor or b) the published underlying rating. The underlying
ratings reflect the intrinsic credit quality of the notes in the absence
of the guarantee. The current ratings on the below notes are consistent
with Moody's practice of rating insured securities at the higher of the
guarantor's insurance financial strength rating and any underlying rating
that is public.
Complete rating actions are as follows:
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA2
Cl. A-2A, Downgraded to A1 from Aaa
Cl. A-2B, Downgraded to A2 from Aaa
Cl. A-3, Downgraded to A2 from Aaa
Cl. A-4, Downgraded to B2 from Aaa
Cl. A-6, Downgraded to B2 from Aaa
Cl. A-7, Downgraded to B1 from Aaa
Cl. X-1, Confirmed at Aaa
Cl. X-1P, Confirmed at Aaa
Cl. X-2, Downgraded to B1 from Aaa
Cl. B-1, Downgraded to C from Ca
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 Caa1
Cl. M-5, Downgraded to Ca from Caa1
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA3
Cl. 1-A-2, Downgraded to Baa1 from Aaa
Cl. 1-A-3, Downgraded to Ba2 from Aaa
Cl. 2-A-2, Downgraded to Baa1 from Aaa
Cl. 2-A-3, Downgraded to Ba2 from Aaa
Cl. X, Confirmed at Aaa
Cl. M-1, Downgraded to B3 from B1; 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 Caa1
Cl. M-5, Downgraded to C from Ca
Cl. M-6, Downgraded to C from Ca
Cl. M-7, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA6
Cl. 1A-1B, Downgraded to Baa1 from Aaa
Cl. 1A-4A, Downgraded to Baa1 from Aaa
Cl. 1A-4B, Downgraded to Aa1 from Aaa
Cl. 1A-4C, Downgraded to A3 from Aaa
Cl. 1A-4D, Downgraded to Baa1 from Aaa
Cl. 2-A, Downgraded to Baa1 from Aaa
Cl. M-1, Downgraded to B2 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-2, Downgraded to Caa3 from B3
Cl. M-3, Downgraded to Ca from B3
Cl. M-4, Downgraded to Ca from Caa1
Cl. M-6, Downgraded to C from Ca
Cl. M-7, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA7
Cl. 1-A-1, Downgraded to Ba3 from Aaa
Cl. 1-A-3, Downgraded to A3 from Aaa
Cl. 1-A-4, Downgraded to B1 from Aaa
Cl. 2-A-2, Downgraded to A3 from Aaa
Cl. 2-A-3, Downgraded to B1 from Aaa
Cl. 3-A-1, Downgraded to A3 from Aaa
Cl. 3-A-2, Downgraded to B1 from Aaa
Cl. 1-X, Confirmed at Aaa
Cl. 2-X, Confirmed at Aaa
Cl. M-1, Downgraded to Caa2 from B3
Cl. M-2, Downgraded to Ca from Caa1
Cl. M-3, Downgraded to Ca from Caa1
Cl. M-4, Downgraded to C from Ca
Cl. M-5, Downgraded to C from Ca
Cl. M-6, Downgraded to C from Ca
Cl. M-7, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA8
Cl. 1-A-2, Downgraded to Aa1 from Aaa
Cl. 1-A-3, Downgraded to Ba3 from Aaa
Cl. 2-A-3, Downgraded to Aa1 from Aaa
Cl. 2-A-4, Downgraded to Aa1 from Aaa
Cl. 2-A-5, Downgraded to Ba3 from Aaa
Cl. X, Confirmed at Aaa
Cl. M-1, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-2, Downgraded to Ca from B3
Cl. M-3, Downgraded to C from Caa1
Cl. M-4, Downgraded to C from Ca
Cl. M-5, Downgraded to C from Ca
Cl. M-6, Downgraded to C from Ca
Cl. M-7, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA9
Cl. 1-A-2, Downgraded to B2 from Aa
Cl. 2-A-2, Downgraded to Aa1 from Aaa
Cl. 2-A-3, Downgraded to B2 from Aaa
Cl. X-1, Confirmed at Aaa
Cl. X-1P, Confirmed at Aaa
Cl. X-2, Downgraded to Aa1 from Aaa
Cl. B-1, Downgraded to C from Ca
Cl. M-1, Downgraded to Caa1 from B3
Cl. M-2, Downgraded to Ca from B3
Cl. M-3, Downgraded to Ca from B3
Cl. M-4, Downgraded to Ca from Caa1
Cl. M-5, Downgraded to Ca from Caa1
Cl. M-6, Downgraded to Ca from Caa1
Cl. M-10, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA10
Cl. 1-A-2, Downgraded to A3 from Aaa
Cl. 1-A-3, Downgraded to Ba3 from Aaa
Cl. 2-A-2, Downgraded to A3 from Aaa
Cl. 2-A-3, Downgraded to Ba3 from Aaa
Cl. 3-A-2, Downgraded to A3 from Aaa
Cl. 3-A-3, Downgraded to Ba3 from Aaa
Cl. 4-A-2, Downgraded to A3 from Aaa
Cl. 4-A-3, Downgraded to Ba3 from Aaa
Cl. X-AD, Confirmed at Aaa
Cl. X-BI, Confirmed at Aaa
Cl. X-BJ, Confirmed at Aaa
Cl. X-NB, Confirmed at Aaa
Cl. X-PP, Confirmed at Aaa
Cl. M-1, Downgraded to Caa1 from B3
Cl. M-2, Downgraded to Ca from B3
Cl. M-3, Downgraded to C from Caa1
Cl. M-4, Downgraded to C from Caa1
Cl. M-5, Downgraded to C from Ca
Cl. M-6, Downgraded to C from Ca
Cl. M-7, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA11
Cl. A-3A, Downgraded to Baa3 from Aaa
Cl. A-3B-1, Downgraded to A1 from Aaa
Cl. A-3B-2, Downgraded to Baa3 from Aaa
Cl. A-5, Downgraded to Baa3 from Aaa
Cl. M-1, Downgraded to Ba3 from Ba1
Cl. M-2, Placed on Review for Possible Downgrade,
currently B3
Cl. M-3, Downgraded to Caa1 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
Cl. M-7, Downgraded to C from Ca
Cl. M-8, Downgraded to C from Ca
Cl. M-9, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA12
Cl. A-3, Downgraded to B1 from Aaa
Cl. X, Confirmed at Aaa
Cl. X-P, Confirmed at Aaa
Cl. B-1, Downgraded to C from Ca
Cl. B-2, Downgraded to C from Ca
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 Caa1
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA14
Cl. 1-A-2, Downgraded to A1 from Aaa
Cl. 1-A-3, Downgraded to Ba2 from Aaa
Cl. 2-A-2, Downgraded to A1 from Aaa
Cl. 2-A-3, Downgraded to Ba2 from Aaa
Cl. 3-A-2, Downgraded to Ba2 from Aaa
Cl. X-1, Confirmed at Aaa
Cl. X-2, Confirmed at Aaa
Cl. M-1, Downgraded to B2 from A3; Placed Under
Review for further Possible Downgrade
Cl. M-2, Downgraded to Caa1 from Ba2
Cl. M-3, Downgraded to Caa3 from Ba3
Cl. M-4, Downgraded to Ca from B1
Cl. M-5, Downgraded to Ca from B2
Cl. M-6, Downgraded to Ca from B2
Cl. M-7, Downgraded to C from B3
Cl. M-8, Downgraded to C from Ca
Cl. M-9, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA16
Cl. A-5, Downgraded to Ba1 from Aaa
Cl. M-1, Downgraded to Ba3 from Baa1
Cl. M-2, Downgraded to B3 from B2; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to B3 from B2; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to Caa3 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
Cl. M-8, Downgraded to C from Ca
Cl. M-9, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA17
Cl. 1-A3, Downgraded to Ba3 from Aaa
Cl. 2-A-2, 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 Caa1 from B2
Cl. M-3, Downgraded to Caa3 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
Cl. M-7, Downgraded to Ca from Caa1
Cl. 2-X, Confirmed at Aaa
Cl. 1-X-P, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA18
Cl. A-3, Downgraded to Ba1 from Aaa
Cl. M-1, Downgraded to B1 from Ba3; Placed Under
Review for further Possible Downgrade
Cl. M-2, Placed on Review for Possible Downgrade,
currently B3
Cl. M-3, Downgraded to Caa1 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
Cl. M-7, Downgraded to C from Caa1
Cl. M-8, Downgraded to C from Ca
Cl. M-9, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA19
Cl. A-2, Downgraded to Aa1 from Aaa
Cl. A-3A, Downgraded to Aa3 from Aaa
Cl. A-3B, Downgraded to Ba3 from Aaa
Cl. A-5, Placed on Review for Possible Downgrade,
currently Aaa
Cl. M-2, Downgraded to B3 from B2; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to Caa2 from B2
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
Cl. B-1, Downgraded to C from Caa1
Cl. X-P, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA21
Cl. A-3, Downgraded to Ba1 from Aaa
Cl. M-1, Downgraded to B2 from B1
Cl. M-2, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to Caa1 from B2
Cl. M-4, Downgraded to Caa3 from B2
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 Caa1
Cl. B-1, Downgraded to C from Caa2
Cl. X, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2006-OA22
Cl. A-3, Downgraded to Baa2 from Aaa
Cl. M-1, Downgraded to Ba3 from A1
Cl. M-2, Downgraded to B1 from Ba2; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to B2 from Ba3; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to Caa2 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 B3
Cl. M-8, Downgraded to C from Caa1
Cl. M-9, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-AL1
Cl. A-1, Downgraded to Aa1 from Aaa
Cl. A-2, Downgraded to Baa1 from Aaa
Cl. A-3, Downgraded to B3 from Aaa; Placed Under
Review for further Possible Downgrade
Cl. M-1, Downgraded to Caa1 from Ba3
Cl. M-2, Downgraded to Caa2 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 Caa1
Cl. B-1, Downgraded to C from Ca
Cl. X-P, Downgraded to Aa1 from Aaa
Issuer: CWALT, INC.Mortgage Pass-Through Certificates,
Series 2007-OA2
Cl. 1-A-3, Downgraded to B2 from Aaa
Cl. 2-A-3, Downgraded to B2 from Aaa
Cl. 1-A-2, Downgraded to Ba1 from Aaa
Cl. 2-A-2, Downgraded to Baa1 from Aaa
Cl. M-1, Downgraded to Caa2 from B3
Cl. M-2, Downgraded to Ca from B3
Cl. M-3, Downgraded to Ca from Caa1
Cl. M-6, Downgraded to C from Ca
Cl. M-7, Downgraded to C from Ca
Cl. 2-X, Confirmed at Aaa
Cl. 1-X, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA3
Cl. 1-A-3, Downgraded to Baa3 from Aaa
Cl. 2-A-3, Downgraded to Baa3 from Aaa
Cl. M-1, Downgraded to Ba3 from Aa3
Cl. M-2, Downgraded to B3 from Ba1; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to B3 from Ba3; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to Caa1 from B1
Cl. M-5, Downgraded to Caa3 from B2
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 C from Caa1
Cl. M-10, Downgraded to C from Ca
Cl. X, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA4
Cl. A-3, Downgraded to Baa1 from Aaa
Cl. M-1, Downgraded to Ba1 from Aaa
Cl. M-2, Downgraded to Ba3 from Aaa
Cl. M-3, Downgraded to B1 from A1
Cl. M-4, Downgraded to B2 from Baa3; Placed Under
Review for further Possible Downgrade
Cl. M-5, Downgraded to B3 from Ba1; Placed Under
Review for further Possible Downgrade
Cl. M-6, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-7, Downgraded to Caa1 from B2
Cl. M-8, Downgraded to Caa3 from B2
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA6
Cl. A-3, Downgraded to A3 from Aaa
Cl. M-1, Downgraded to Ba2 from Aaa
Cl. M-2, Downgraded to B1 from A3
Cl. M-3, Downgraded to B2 from Baa3; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to B3 from Ba2; Placed Under
Review for further Possible Downgrade
Cl. M-5, Downgraded to B3 from B2; Placed Under
Review for further Possible Downgrade
Cl. M-6, Downgraded to Caa1 from B2
Cl. M-7, Downgraded to Ca from B3
Cl. M-8, Downgraded to Ca from B3
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA7
Cl. A-3, Downgraded to Baa3 from Aaa
Cl. M-1, Downgraded to Ba3 from A3
Cl. M-2, Downgraded to B3 from Ba1; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to B3 from Ba2; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to Caa2 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
Cl. M-8, Downgraded to C from Caa1
Cl. M-9, Downgraded to C from Ca
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA8
Cl. 1-A-2, Downgraded to A3 from Aaa
Cl. 2-A-2, Downgraded to A3 from Aaa
Cl. 1-A-3, Downgraded to Ba1 from Aaa
Cl. 2-A-3, Downgraded to Ba1 from Aaa
Cl. M-1, Downgraded to B2 from Baa3; Placed Under
Review for further Possible Downgrade
Cl. M-2, Downgraded to B3 from Ba1; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to Caa1 from Ba2
Cl. M-4, Downgraded to Caa3 from Ba3
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 C from B3
Cl. M-9, Downgraded to C from Caa1
Cl. M-10, Downgraded to C from Ca
Cl. X, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA9
Cl. A-3, Downgraded to Baa2 from Aaa
Cl. M-1, Downgraded to Ba3 from A2
Cl. M-2, Downgraded to B1 from Baa3
Cl. M-3, Downgraded to B2 from Ba1; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to B2 from Ba2; Placed Under
Review for further Possible Downgrade
Cl. M-5, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-6, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-7, Downgraded to Caa1 from B1
Cl. M-8, Downgraded to Caa3 from B1
Cl. M-9, Downgraded to Ca from B2
Cl. X-P, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA10
Cl. 1-A-2, Placed on Review for Possible Downgrade,
currently Aaa
Financial Guarantor: Assured Guaranty Corp (Aaa on review for possible
downgrade)
Underlying Rating: Ba1
Cl. 2-A-3, Placed on Review for Possible Downgrade,
currently Aaa
Financial Guarantor: Assured Guaranty Corp (Aaa on review for possible
downgrade)
Underlying Rating: Ba1
Cl. M-1, Downgraded to B1 from A2
Cl. M-7, Downgraded to Ca from B2
Cl. M-8, Downgraded to Ca from B2
Cl. M-9, Downgraded to Ca from B3
Cl. M-10, Downgraded to C from Caa1
Cl. M-5, Downgraded to Caa1 from B1
Cl. M-6, Downgraded to Caa2 from B2
Cl. M-4, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to B3 from Ba2; Placed Under
Review for further Possible Downgrade
Cl. M-2, Downgraded to B2 from Baa2; Placed Under
Review for further Possible Downgrade
Cl. X, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OA11
Cl. A-2, Placed on Review for Possible Downgrade,
currently Aaa
Cl. A-3, Placed on Review for Possible Downgrade,
currently Aaa
Cl. B-1, Downgraded to Ca from Ba1
Cl. M-2, Downgraded to B1 from Aa2
Cl. M-1, Downgraded to Ba3 from Aa1
Cl. M-6, Downgraded to Caa1 from A3
Cl. M-9, Downgraded to Ca from Baa3
Cl. M-7, Downgraded to Caa2 from Baa1
Cl. M-8, Downgraded to Caa3 from Baa2
Cl. M-4, Downgraded to B3 from A1; Placed Under
Review for further Possible Downgrade
Cl. M-5, Downgraded to B3 from A2; Placed Under
Review for further Possible Downgrade
Cl. M-3, Downgraded to B2 from Aa3; Placed Under
Review for further Possible Downgrade
Cl. X-P, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OH1
Cl. A-3, Downgraded to Baa3 from Aaa
Cl. M-1, Downgraded to Ba3 from Baa3
Cl. M-2, Downgraded to B1 from Ba2
Cl. M-3, Downgraded to B2 from Ba3; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-5, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-6, Downgraded to Caa1 from B2
Cl. M-7, Downgraded to Caa3 from B2
Cl. M-8, Downgraded to Ca from B3
Cl. X-P, Confirmed at Aaa
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OH2
Cl. A-3, Downgraded to Baa2 from Aaa
Cl. M-1, Downgraded to Ba1 from Aa2
Cl. M-2, Downgraded to Ba2 from A1
Cl. M-3, Downgraded to Ba3 from Baa1
Cl. M-4, Downgraded to B1 from Ba1
Cl. M-5, Downgraded to B2 from Ba3; Placed Under
Review for further Possible Downgrade
Cl. M-6, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-7, Downgraded to Ca from B1
Issuer: CWALT, Inc. Mortgage Pass-Through Certificates,
Series 2007-OH3
Cl. A-3, Downgraded to Baa3 from Aaa
Cl. M-1, Downgraded to Ba3 from Baa1
Cl. M-2, Downgraded to B1 from Ba1
Cl. M-3, Downgraded to B2 from Ba3; Placed Under
Review for further Possible Downgrade
Cl. M-4, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-5, Downgraded to B3 from B1; Placed Under
Review for further Possible Downgrade
Cl. M-6, Downgraded to Caa1 from B2
Cl. M-7, Downgraded to Ca from B3
A list of these actions including CUSIP identifiers may be found at:
Excel: http://www.moodys.com/cust/getdocumentByNotesDocId.asp?criteria=PBS_SF141456
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
Ola Hannoun-Costa
Associate Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653