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Ratings On Australian And New Zealand Subprime And Nonconforming RMBS Performed Well In Q1 2012, S&P Report Says Jul 12
Standard & Poors, July 2012
MELBOURNE (Standard & Poor's) July 12, 2012--The ratings on Australian and New Zealand subprime and nonconforming transactions have performed well, despite domestic economic conditions being more subdued outside of the mining and resource sectors, according to a report published today by Standard & Poor's Ratings Services. The report, "Improved Performance And Increasing Credit Support Underlie Ratings Performance in Australian and New Zealand Subprime RMBS," says Standard & Poor's has raised the ratings of 29 tranches of subprime and nonconforming RMBS and affirmed the ratings of 48 tranches of the same transactions during the first quarter (Q1) of 2012. The build of credit support, high seasoning (the majority of transactions have a weighted average seasoning of more than 50 months), relatively...
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.