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Report Says Small Rise In Dutch RMBS Delinquencies But Performance Remains Strong Jun 08
Standard & Poors, June 2008
LONDON (Standard & Poor's) June 10, 2008-Standard & Poor's Dutch RMBS delinquency index increased this quarter to its highest level to date, although it remained below 1.2%. The Dutch residential mortgage-backed securities (RMBS) sector continued to perform well, with tranches in four transactions upgraded this quarter, according to a report published today by Standard & Poor's Ratings Services. In Q1 2008, our Dutch RMBS total delinquency index increased to 1.13% from 1.04%. The 60+ day index remained stable at 0.18% and the 90+ day index increased to 0.38% from 0.34% in Q4 2007. The prepayment index decreased to 9.30% from 10.56%. This downward trend is likely to persist, with lenders tightening criteria and an increase in longer-dated fixed-rate loans. Despite...
Companies mentioned in this report are: Monastery 2006-I B.V.
Action: General Comment
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: News
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Monastery 2006-I B.V.