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Rating Action:

Moody's Takes Action on Certain RAST Alt-A deals

14 Aug 2008
Moody's Takes Action on Certain RAST Alt-A deals

New York, August 14, 2008 -- Moody's Investors Service has downgraded the ratings of 140 tranches from 11 Alt-A transactions issued by Residential Asset Securitization Trust. Two tranches that were downgraded are still on review for possible further downgrade. Additionally, 9 senior tranches were confirmed at Aaa. The collateral backing these transactions consists primarily of first-lien, fixed-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. 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-A12

Cl. A-5, Downgraded to Aa2 from Aa1

Cl. A-6, Downgraded to Aa1 from Aaa

Cl. A-7, Confirmed at Aaa

Cl. A-8, Downgraded to Aa1 from Aaa

Cl. A-9, Downgraded to Aa1 from Aaa

Cl. A-X, Confirmed at Aaa

Cl. PO, Downgraded to Aa1 from Aaa

Cl. B-1, Downgraded to Baa1 from A3

Cl. B-5, Downgraded to Caa2 from B3

Issuer: Residential Asset Securitization Trust 2005-A15

Cl. 1-A-1, Downgraded to A2 from Aaa

Cl. 1-A-2, Downgraded to Aa3 from Aaa

Cl. 1-A-3, Downgraded to A2 from Aaa

Cl. 1-A-4, Downgraded to Aa3 from Aaa

Cl. 1-A-5, Downgraded to Aa1 from Aaa

Cl. 1-A-6, Downgraded to Aa1 from Aaa

Cl. 1-A-7, Downgraded to A2 from Aaa

Cl. 1-A-8, Downgraded to A2 from Aaa

Cl. 1-A-9, Downgraded to A3 from Aa1

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

Cl. PO, Downgraded to A2 from Aaa

Cl. 2-A-1, Downgraded to A1 from Aaa

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

Cl. 2-A-3, Downgraded to A2 from Aaa

Cl. 2-A-4, Downgraded to Aa3 from Aaa

Cl. 2-A-5, Downgraded to A2 from Aaa

Cl. 2-A-6, Downgraded to A2 from Aaa

Cl. 2-A-7, Downgraded to A2 from Aaa

Cl. 2-A-8, Downgraded to Aa3 from Aaa

Cl. 2-A-9, Downgraded to A2 from Aaa

Cl. 2-A-10, Downgraded to Aa1 from Aaa

Cl. 2-A-11, Downgraded to Aa1 from Aaa

Cl. 2-A-12, Downgraded to A2 from Aaa

Cl. 2-A-13, Downgraded to A3 from Aa1

Cl. 2-A-X, Downgraded to A2 from Aaa

Cl. 3-A-1, Downgraded to A2 from Aaa

Cl. 4-A-1, Downgraded to A2 from Aaa

Cl. 5-A-1, Downgraded to A2 from Aaa

Cl. 5-A-2, Downgraded to A2 from Aaa

Cl. 5-A-3, Downgraded to A2 from Aaa

Cl. B-1, Downgraded to B1 from Ba1

Cl. B-2, Downgraded to Caa1 from B2

Issuer: Residential Asset Securitization Trust 2006-A11

Cl. 1-A-1, Downgraded to Ba3 from Aaa

Cl. 1-A-3, Downgraded to Ba3 from Aaa

Cl. 1-A-4, Downgraded to Ba3 from Aaa

Cl. 1-A-5, Downgraded to Ba3 from Aaa

Cl. 1-A-6, Downgraded to B1 from Aa1

Cl. 1-A-7, Downgraded to Ba3 from Aaa

Cl. 1-A-X, Confirmed at Aaa

Cl. 1-PO, Downgraded to Ba3 from Aaa

Cl. 2-A-1, Downgraded to Ba3 from Aaa

Cl. 2-A-2, Downgraded to Ba2 from Aaa

Cl. 2-A-3, Downgraded to Ba2 from Aaa

Cl. 3-A-1, Downgraded to Ba3 from Aaa

Issuer: Residential Asset Securitization Trust 2006-A14CB

Cl. 1-A-2, Downgraded to Baa3 from Aaa

Cl. 1-A-3, Downgraded to Baa3 from Aaa

Cl. 1-A-4, Downgraded to Ba1 from Aa1

Cl. PO, Downgraded to Baa3 from Aaa

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

Cl. 2-A-3, Downgraded to Baa3 from Aaa

Cl. 2-A-4, Downgraded to A1 from Aaa

Cl. 2-A-5, Downgraded to Ba1 from Aa1

Cl. 2-A-6, Downgraded to Baa3 from Aaa

Cl. 2-A-7, Downgraded to Baa3 from Aaa

Cl. A-X, Confirmed at Aaa

Issuer: Residential Asset Securitization Trust 2006-A3CB

Cl. A-1, Downgraded to Baa1 from Aaa

Cl. A-X, Downgraded to Baa1 from Aaa

Cl. PO, Downgraded to Baa1 from Aaa

Issuer: Residential Asset Securitization Trust 2006-A4IP

Cl. 1-A-1, Downgraded to Ba1 from Aaa

Cl. 2-A-1, Downgraded to Ba1 from Aaa

Cl. 2-A-2, Downgraded to Ba1 from Aaa

Cl. 2-A-3, Downgraded to Ba1 from Aaa

Cl. 2-A-4, Downgraded to Ba1 from Aaa

Cl. 2-A-5, Downgraded to Ba1 from Aaa

Cl. 2-A-6, Downgraded to Ba1 from Aaa

Cl. 2-A-7, Downgraded to Ba1 from Aaa

Cl. 2-A-8, Downgraded to Ba1 from Aaa

Cl. 2-A-9, Downgraded to Ba1 from Aaa

Cl. 2-A-10, Downgraded to A3 from Aaa

Cl. 2-PO, Downgraded to Ba1 from Aaa

Cl. 2-A-X, Downgraded to A3 from Aaa

Issuer: Residential Asset Securitization Trust 2006-A5CB

Cl. A-1, Downgraded to Baa3 from Aaa

Cl. A-3, Downgraded to Baa3 from Aaa

Cl. A-4, Downgraded to Baa3 from Aaa

Cl. A-6, Downgraded to Baa3 from Aaa

Cl. A-X, Confirmed at Aaa

Cl. PO, Downgraded to Baa3 from Aaa

Cl. A-5, Downgraded to Ba1 from Aa1

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

Cl. B-2, Downgraded to Ca from Caa3

Cl. B-3, Downgraded to C from Ca

Issuer: Residential Asset Securitization Trust 2006-A7CB

Cl. 1-A-1, Downgraded to A2 from Aaa

Cl. 1-A-2, Downgraded to A2 from Aaa

Cl. 1-A-3, Downgraded to A3 from Aaa

Cl. 1-A-4, Downgraded to A3 from Aaa

Cl. 1-A-5, Downgraded to A3 from Aaa

Cl. 1-A-6, Downgraded to A3 from Aaa

Cl. A-X, Confirmed at Aaa

Cl. PO, Downgraded to A3 from Aaa

Cl. 2-A-1, Downgraded to A3 from Aaa

Cl. 2-A-4, Downgraded to Baa1 from Aaa

Cl. 2-A-5, Downgraded to A3 from Aaa

Cl. 2-A-6, Downgraded to A3 from Aaa

Cl. 2-A-7, Downgraded to A3 from Aaa

Cl. 3-A-2, Downgraded to Baa1 from Aaa

Cl. B-1, Downgraded to B1 from Ba2

Cl. B-3, Downgraded to C from Ca

Issuer: Residential Asset Securitization Trust 2006-A8

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

Cl. 1-A-2, Downgraded to Baa1 from Aaa

Cl. 1-A-3, Downgraded to Baa1 from Aaa

Cl. 1-A-4, Downgraded to Baa1 from Aaa

Cl. 1-A-5, Downgraded to Baa1 from Aaa

Cl. A-X, Confirmed at Aaa

Cl. PO, Downgraded to Baa1 from Aaa

Cl. 2-A-1, Downgraded to Baa1 from Aaa

Cl. 2-A-2, Downgraded to Baa1 from Aaa

Cl. 2-A-3, Downgraded to Baa1 from Aaa

Cl. 2-A-4, Downgraded to Baa1 from Aaa

Cl. 2-A-7, Downgraded to Baa1 from Aaa

Cl. 2-A-8, Downgraded to Baa2 from Aa1

Cl. 3-A-1, Downgraded to Baa1 from Aaa

Cl. 3-A-2, Downgraded to Baa1 from Aaa

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

Cl. 3-A-4, Downgraded to Baa1 from Aaa

Cl. 3-A-5, Downgraded to Baa1 from Aaa

Cl. 3-A-7, Downgraded to Baa1 from Aaa

Cl. 3-A-8, Downgraded to Baa1 from Aaa

Cl. 3-A-9, Downgraded to Baa1 from Aaa

Cl. 3-A-10, Downgraded to Baa1 from Aaa

Cl. 3-A-11, Downgraded to Baa1 from Aaa

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

Cl. B-3, Downgraded to Ca from B3

Cl. B-5, Downgraded to C from Ca

Cl. B-6, Downgraded to C from Ca

Cl. B-7, Downgraded to C from Ca

Issuer: Residential Asset Securitization Trust 2006-A9CB

Cl. A-2, Downgraded to A3 from Aaa

Cl. A-3, Confirmed at Aaa

Cl. A-4, Downgraded to A2 from Aaa

Cl. A-5, Downgraded to A1 from Aaa

Cl. A-6, Downgraded to A2 from Aaa

Cl. A-7, Downgraded to A2 from Aaa

Cl. A-8, Downgraded to A2 from Aaa

Cl. A-9, Downgraded to A2 from Aaa

Cl. A-10, Downgraded to A2 from Aaa

Cl. A-11, Downgraded to A2 from Aaa

Cl. A-12, Downgraded to A2 from Aaa

Cl. A-X, Confirmed at Aaa

Cl. PO, Downgraded to A2 from Aaa

Cl. B-3, Downgraded to C from Ca

Issuer: Residential Asset Securitization Trust 2007-A1

Cl. A-2, Downgraded to Baa3 from Aa1

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

Excel:

http://www.moodys.com/cust/getdocumentByNotesDocId.asp?criteria=PBS_SF139778

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

No Related Data.
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