Urban studies: Doing research when every city is different 
Wall Street Analysts Weigh in on Latest NFP Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
New York, March 10, 2016 - Moody's Investors Service has upgraded the ratings of 7 tranches, from 5 transactions issued by various issuers, backed by Subprime mortgage loans.
Complete rating actions are as follows:
Issuer: BNC Mortgage Loan Trust 2007-2
Cl. A2, Upgraded to A2 (sf); previously on Sep 1, 2015 Upgraded to Baa2 (sf)
Cl. A3, Upgraded to B2 (sf); previously on Sep 1, 2015 Upgraded to Caa2 (sf)
Issuer: First Franklin Mortgage Loan Trust 2006-FF9
Cl. I-A, Upgraded to Ba1 (sf); previously on Jul 2, 2015 Upgraded to B2 (sf)
Issuer: Soundview Home Loan Trust 2006-OPT5
Cl. I-A-1, Upgraded to B2 (sf); previously on Jun 17, 2010 Downgraded to Caa1 (sf)
Issuer: Structured Asset Securities Corp 2006-W1
Cl. A4, Upgraded to Ba2 (sf); previously on Feb 6, 2015 Upgraded to B1 (sf)
Issuer: Structured Asset Securities Corp Trust 2006-EQ1
Cl. A1, Upgraded to Ba1 (sf); previously on Jan 29, 2016 Upgraded to Ba2 (sf)
Cl. A4, Upgraded to Aa3 (sf); previously on Jan 29, 2016 Upgraded to A3 (sf)
RATINGS RATIONALE
The upgrades are a result of improving performance of the related pools and/or build-up in credit enhancement of the tranches. The actions reflect the recent performance of the underlying pools and Moody's updated loss expectations on the pools.
The principal methodology used in these ratings was "US RMBS Surveillance Methodology" published in November 2013. Please see the Ratings Methodologies page on www.moodys.com for a copy of this methodology.
Factors that would lead to an upgrade or downgrade of the rating:
Ratings in the US RMBS sector remain exposed to the high level of macroeconomic uncertainty, and in particular the unemployment rate. The unemployment rate fell to 4.9% in February 2016 from 5.5% in February 2015. Moody's forecasts an unemployment central range of 4.5% to 5.5% for the 2016 year. Deviations from this central scenario could lead to rating actions in the sector. House prices are another key driver of US RMBS performance. Moody's expects house prices to continue to rise in 2016. Lower increases than Moody's expects or decreases could lead to negative rating actions. Finally, performance of RMBS continues to remain highly dependent on servicer procedures.
A list of these actions including CUSIP identifiers may be found at:
Excel: http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF428211
A list of updated estimated pool losses and recoveries is being posted on an ongoing basis for the duration of this review period and may be found at:
Excel: http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF345728
