- Language: English
- Published: March 2013
- Region: Australia
The Exceptional Performance of Australian Residential Mortgages Continues Jun 02
- ID: 2091684
- June 2002
- Region: Australia
- Standard & Poors
MELBOURNE (Standard & Poor's) June 3, 2002--Arrears levels on Australian residential mortgages were largely unchanged in the March quarter 2002 according to Standard & Poor's Australian Mortgage Performance Index (SPIN). The SPIN, which measures delinquencies of more than 30 days on residential mortgages collateralizing Australian residential mortgage-backed securities (RMBS), was marginally lower at 0.89% in the March quarter compared with 0.90% for the previous quarter. Delinquencies on Australian residential mortgages are extremely low by global standards. Standard & Poor's also introduced this quarter the Standard & Poor's New Zealand Mortgage Performance Index (New Zealand SPIN). The index measures delinquencies on residential mortgages collateralizing New Zealand RMBS issues. For the March quarter 2002, the New Zealand SPIN was 0.90%, commensurate with...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings)
Action: S&P Event
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.
SHOW LESS READ MORE >
Australia (Commonwealth of) (Unsolicited Ratings)