S&P Issues Revised Criteria for Rating 2008 Deals, New RMBS Transactions
September 18, 2009
Standard & Poor’s has finalized proposed changes to rating non-agency residential MBS that are expected to result in a credit enhancement strong enough to allow AAA-rated securities to endure the most severe market downturn. These criteria changes represent a significant departure to previous methodologies and assumptions for determining credit enhancement levels for RMBS transactions backed...