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ARCHIVE | Criteria | Structured Finance | RMBS: Australia and New Zealand RMBS: Analysing Credit Quality Feb 04
Standard & Poors, Feb 2004
Abstract
(Editor's note: This article has been superseded by the criteria article entitled: 'Criteria | Structured Finance | RMBS: Australia and New Zealand RMBS: Analyzing Credit Quality', published Feb. 21, 2007). The residential mortgage-backed securitisation (RMBS) market has revolutionised and continues to influence the home loan market in Australia, and to a lesser extent, New Zealand. Securitisation has allowed many new lenders into the market by providing a source of funding previously unavailable to them. These new lenders have increased competition, promoting an environment of product development and innovation. Standard & Poor's has been at the forefront of the developing RMBS market and is committed to maintaining the highest analytical standards demanded by investors, issuers, and the market. Standard & Poor's...
Companies mentioned in this report are: Australian Mortgage Securities Ltd.
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.
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