RMBS ratings preference shift may be temporary, market users say
- Friday, 28 November 2014
Perceived uncertainties around the lenders' mortgage insurance (LMI) methodology deployed by Standard & Poor's Ratings Services (S&P) appear to have changed Australian issuers' ratings preferences on residential mortgage-backed securities (RMBS) deals, and may have caused a deal-flow hiccup. The most recent pair of RMBS deals – from Beyond Bank and AMP Bank (AMP) – came to the market without a rating from S&P.
