Major Players Continue to Dominate MBS and ABS Ratings – Prime MBS Sector More Competitive
September 29, 2006
Standard & Poor’s and Moody’s Investors Service continued to rate just about every non-agency MBS and non-mortgage ABS issued during the first half of 2006, although some niches appear to be more competitive than they have been. A new Inside MBS & ABS analysis shows that S&P still dominates the non-agency MBS world, rating 93.3 percent of new issuance in the first six months of the year, up slightly from the 92.5 percent market share it held in 2005. The company was especially strong...[Includes 2 pages of charts]