On August 10 Fitch Ratings (Fitch) changed its global criteria for lenders' mortgage insurance (LMI) within residential mortgage-backed securities (RMBS) transactions, with the rating agency expecting RMBS deal ratings in Australia to be the most adversely affected. The criteria confirm proposals made in an exposure draft announced by Fitch on May 17, and will require Australian and New Zealand RMBS issues to provide higher credit enhancement, beyond LMI and excess spread, to secure a Fitch rating.
Sign in to continue and access full content
We will email you a code for a password-free sign in.
Or you can sign in manually with password.
Or you can sign in manually with password.
Can't sign in?
Become a registered user to receive these benefits:
- One-stop information source on the Australasian debt markets
- Keep up to date with the deals and trends making headlines
- Keep up to date with league tables
- Access to email updates on trending deals and news
Global Reach. Local Expertise
KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
NEWS
QUICK LINKS
START YOUR FREE TRIAL
© Copyright 2024 KangaNews
Global Reach. Local Expertise
About us
Terms of Use
Privacy Policy
Contact