|
|
 |
|
Viewing report
|
|
|
|
U.K. Prime RMBS Index Report Q3 2011: Performance Remains Resilient Nov 11
Standard & Poors, Nov 2011
Abstract
Performance indicators for the U.K. prime residential mortgage-backed securities (RMBS) that Standard & Poor's Ratings Services rates continued to improve marginally in the third quarter of 2011. Overall, performance remains stable among the transactions in our index. The assets backing U.K. prime RMBS have held up in the face of mounting economic problems. Unemployment has risen to 8.1%, and CPI inflation continues to outstrip wage inflation. We expect GDP growth to come under continued pressure and we are starting to see a firm trend of declining U.K. HPI. However, in our opinion, as long as unemployment does not begin to accelerate and the Bank of England continues its accommodative monetary policy, we expect the majority of prime RMBS assets to...
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.
|
|
|
|
