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Article: DCR Rates Structured Asset Securities Corporation $257,475,348 Mortgage Pass- Through Certificates Series 1998-ALS2 Fixed-Rate Residential Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- December 30, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Dec. 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated the Structured Asset Securities Corporation (SASCO) Series 1998-ALS2 Mortgage Pass-Through Certificates. The certificates were issued by SASCO and underwritten by Lehman Brothers. The ratings on the securities range from 'AAA' (Triple-A) to `B` (Single-B) as follows:
ClassAmount RateDCR RatingCE Issuance
1-A $193,883,000 6.75% 'AAA' (Triple-A) 9.00% Public
1-AP $705,935 PO 'AAA' (Triple-A) 9.00% Public
2-A $ 41,477,000 6.75% 'AAA' (Triple-A) 9.00% Public
2-AP $248,313 PO 'AAA' (Triple-A) 9.00% Public
R $ ...