NEW YORK, Feb. 4 /PRNewswire/ -- Standard & Poor's today affirmed all of
its ratings on DLJ ABS Trust Series 2000-2 and 2000-3's mortgage pass-through
certificates (see list). As of the December 2001 payment date, approximately
$230 million of rated debt is affected.
The affirmations are the result of current and projected credit support
percentages that meet or exceed the suggested loss coverage levels for their
current ratings. Stress analysis indicates that current credit support, which
includes subordination, overcollateralization, and excess interest, is
sufficient to properly support the ratings on each of the classes.
Additionally, the affirmation on the senior certificates of series 2000-2
is based on a bond insurance policy issued by Municipal Bond Insurance
Association, which has a financial strength rating of triple-'A'.
DLJ ABS Trust Series 2000-2 and 2000-3 have total delinquency rates of
13.14% and 23.43%, respectively. Cumulative losses as a percentage of the
original pool balances are 0.78% for DLJ ABS Trust Series 2000-2 and 1.72% for
DLJ ABS Trust Series 2000-3.
The collateral backing these transactions is comprised of conventional
30-year fixed- or adjustable-rate, first- and second-lien residential mortgage
loans.
RATINGS AFFIRMED
DLJ ABS Trust Series 2000-2
Class Rating
A-1, A-2 AAA
M-1 AA
M-2 A
DLJ ABS Trust Series 2000-3
Class Rating
A-1, A-2, A-3, A-IO AAA
M-1 AA
M-2 A
B BBB-
SOURCE Standard & Poor's
 back to top
Related links:
http://www.standardandpoors.com/ratings
CONTACT:
Lisa Wilson, +1-212-438-2670, or Ernestine
Warner, +1-212-438-2633, both of Standard & Poor's
|
