Search results
Articles 1 through 11 of 57 matching your search criteria.
- Fitch follows on Mobius
-
12 July 2010 6:44amFollowing on from S&P three weeks earlier, Fitch raised its ratings on six tranches of mortgage-backed bonds issued by Mobius NCM-04 Trust. Ratings on the Class B, C, D, E, F and M tranches were raised by as many as three notches to ‘AAA’, ‘AA’, ‘BBB’, ‘BB’, ‘CCC’ and ‘B’, respectively. » read more »
- Structured upgrades outnumber downgrades 3:1
-
21 June 2010 6:54amFitch advised that upgrades outnumbered downgrades by three to one in 2009 for the structured finance transactions that it rates in Australia and New Zealand. This strong performance resulted from the credit enhancement build-up that comes from the sequential pay down of notes, in well seasoned transactions, and generally good underlying asset performance. » read more »
- Five-year journey to prime for Bluestone bonds
-
15 June 2010 7:00amWith just under 19 per cent of the original balance outstanding, S&P has raised its ratings on eight classes of subprime and non-conforming mortgage-backed securities issued by Sapphire VII Series 2005-1E Trust and affirmed the ‘AAA’ ratings on the Class A1 and A2 notes. The Class MA1 and MA2 are now also rated ‘AAA’. » read more »
- ABS outlook for 2010 stable
-
08 March 2010 7:00amBoth Standard & Poor’s and Moody’s released their fourth quarter 2009 reviews of the Australian asset-backed securities market last week. The Australian ABS sector has revived, with rebounding issuance numbers in the last quarter of 2009, while loss and delinquency rates stabilised as Australian macro-economic conditions improved, said Moody’s. » read more »
- St George loans performing ok
-
09 November 2009 6:46amOne lending category where credit defaults must be manageable is car loans. Only 18 months after refinancing a pool of loans through one of the very few asset-backed transactions of last year, one ratings agency is upgrading its views of the remaining loans on the St George-originated loans. » read more »
- Mobius restructure proposed
-
05 October 2009 6:39amStandard & Poor’s placed the ratings assigned to five tranches of notes issued by Mobius NCM-04 Trust on CreditWatch with positive implications and affirmed the ratings on three other tranches, after reviewing a restructure proposal submitted to note holders. » read more »
- Perpetual looks to growth in mortgage processing
-
20 August 2009 6:50amPerpetual Ltd’s corporate trust division, which provides mortgage processing and servicing and trustee services to asset backed securities issuers, contributed close to one third of the group’s pre-tax profit in the 2008/09 financial year. » read more »
- Seiza Augustus close to default
-
29 July 2009 6:57amStandard & Poor’s announced yesterday that it may lower the rating on a tranche of Seiza notes from CC to D after learning from the trust manager that noteholders are “not expected” to receive an interest payment due on August 28. » read more »
- Mobius finally defaults
-
11 May 2009 7:01amFitch called default on three tranches of the Mobius ELR 01 Trust ABS on Thursday. This is the first ABS default in the Australian market and comes after the near default by Elderslie MTN Trust Series 2006-1 in July last year, when it almost missed a coupon payment. » read more »
- Moody’s completes its review of Australian RMBS
-
02 March 2009 6:52amIn the structured finance sector, Moody’s downgraded the insurance financial strength rating assigned to MGIC Australia Pty Limited to ‘Ba2’ from ‘A2’ and left the rating with a stable outlook. » read more »
- Some structured finance vehicles are performing well
-
23 February 2009 6:48amIn the structured finance sector, S&P raised by one notch all ratings assigned to the subordinated tranches of Series 2005-1 and Series 2006-1 REDS EHP Trusts notes and affirmed the ‘AAA’ ratings on the Class A-2 notes. The rating upgrades reflect the strong asset performance of the transactions' portfolios and increases in the percentage of credit support available for each class of notes. » read more »
