20.12.2012 18:31:00
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Moody's assigns rating to swap in US RMBS transaction PHH Alternative Mortgage Trust, Series 2007-2
New York, December 20, 2012 -- Moody's Investors Service has assigned a Aa2 (sf) rating on the Group I Certificate interest rate swap in PHH Alternative Mortgage Trust, Series 2007-2. Moody's rating addresses the credit risk posed to the swap counterparty, Deutsche Bank AG, New York Branch (A2). This rating only addresses the risk attributable to the ability of the trust to continue to honor its obligations under the swaps. The rating does not address market risk that may be experienced by the party facing the trust under the swap contracts.