|
|
 |
|
Viewing report
|
|
|
|
Australian Prime RMBS Arrears Eased Marginally In August 2011, Report Says Dec 11
Standard & Poors, Dec 2011
Abstract
MELBOURNE (Standard & Poor's) Dec. 9, 2011--Loans underlying Australian prime residential mortgage-backed securities (RMBS) that are greater-than-30 days in arrears dropped 5 basis points (bps) to 1.64% in August 2011, compared with a month earlier, according to a report published by Standard & Poor's Ratings Services. There were no new issuances in August. Total prime RMBS outstanding was down marginally, at just over A$83.5 billion. Subprime RMBS arrears also declined, though only by 3bps, to 11.07%, with A$1.86 billion in subprime RMBS outstanding as of Aug. 31, 2011. The decline in arrears has been observed across sectors for prime and subprime RMBS. The Low-Documentation Loan SPIN also felt relief, with a decline of 15bps in a month to 5.76%. The...
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.
|
|
|
|
