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Index Reports Say U.K. RMBS Collateral Performance Holds Up In Q3 2011 Despite A Worsening Economy Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW Index reports show performance indicators for the U.K. RMBS sector remained resilient in the third quarter of 2011. However, worsening economic conditions could pose a risk to prolonged stable collateral performance, particularly for U.K. nonconforming RMBS transactions. In Q3 2011, delinquencies in our prime U.K. index fell, while by contrast, severe delinquencies in our nonconforming U.K. index remained high. Most of our Q3 2011 U.K. RMBS downgrades were due to the application of our 2010 counterparty criteria. LONDON (Standard & Poor's) Nov. 22, 2011--In general, U.K. prime and nonconforming residential mortgage-backed securities (RMBS) transactions saw stable collateral performance in Q3 2011, according to Standard & Poor's Ratings Services' latest U.K. RMBS index reports. However, even though we observed marginal...
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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