12.06.2013 23:52:00
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Moody's takes action on three interest rate swaps in two RMBS transactions
New York, June 12, 2013 -- Moody's Investors Service announced that it has upgraded the ratings of three interest rate swaps issued by PHH Alternative Mortgage Trust, Series 2007-3 and Deutsche Alt-A Securities Mortgage Loan Trust, Series 2007-1. In both transactions the swap is between the RMBS trust and the swap counterparty, Deutsche Bank AG (A2 long term issuer rating, P-1 short term issuer rating).