In Brief: Insurer's Pass-Throughs Taken Off Credit Watch

pass-through securities issued by DLJ Mortgage Acceptance Corp. The bonds were placed on S&P's credit watch with negative implications on Nov. 3, following the bankruptcy filing of Lomas Mortgage USA, which serviced the underlying mortgages. Despite the Lomas connection, interest and principal payments to bondholders are guaranteed through and insurance policy issued by Municipal Bond Investors Assurance Corp. The insurer has triple-A claims paying ability, S&P determined.

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