|
|
 |
|
Viewing report
|
|
|
|
Italian RMBS Index Report Q4 2007?Pipeline Remains Active For 2008, Although Issuance Volumes Remain Uncertain Feb 08
Standard & Poors, Feb 2008
Abstract
Standard & Poor's Ratings Services' pipeline for new Italian residential mortgage-backed securities (RMBS) transactions remains active, but forecasting the expected volumes for 2008 for this market remains challenging because of the current market conditions and investor sentiment. After the fall in Italian RMBS issuance in Q3 2007, there was a pick up in issuance during Q4, with three new transactions brought to the market. During Q4 2007, average prepayments in the Italian RMBS market increased slightly by 50 bps to 9%. Italian RMBS performance is starting to feel the strain from higher interest rates on certain mortgage products. Despite the adverse arrears witnessed during Q4, we do not see a significant and generalized downturn in the performance of the Italian...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
