AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Despite Rise in Late Payments, Spain Outperforms Neighbors.(Brief Article)
Arrears in Spain's rated mortgage-backed securities appear to have been inching upward, but overall the market has better loan performance statistics than its European neighbors, Moody's Investors Service has reported.
According to Moody's recent report on its new index for Spanish residential MBS, delinquency levels have risen to 0.3% in 2001 from 0.092% in 1998.
The rating agency notes that several factors and various trends factor into those statistics, among them its definition of arrears and the amount of seasoning in the deals that comprise its index, which covers all consistent RMBS deals rated by Moody's between 1994 and the last quarter of 2001.
Moody's said that uses the Bank of Spain's criteria for arrears, that is, "payments that have been overdue for more than 90 days since their due payment date." The rating agency bases this on the amount of total debt remaining to maturity and has removed transactions it considers to be not indicative of overall trends from its index. Such aberrant transactions include, for example, deals in which arrears data is reported in ways other than in terms of 90-days-plus delinquencies.
As far as the amount of seasoning in deals, Moody's believes this is a factor in the deterioration in performance because arrears normally peak during the third year of a deal's life.
...- Moody's Becomes Majority Shareholder in Interfax Rating Agency.
- Press release article from: PR Newswire June 7, 2004 700+ words
...Renamed Moody's Interfax Rating Agency Moody's Investors Service announced...majority interest in Interfax Rating Agency by Moody's is an indication of Interfax...approximately 20% of Interfax Rating Agency shares. Moody's Investors Service, a...
- UAE: MOODY'S IS VOTED BEST RATING AGENCY FOR ISLAMIC FINANCE.
- News wire article from: Infoprod January 20, 2009 700+ words
Moody's Investors Service...voted "Best Islamic Rating Agency" -- that is, best...said Khalid Howladar, Moody's Vice President...award of "Best Islamic Rating Agency" not only confirms Moody's expertise in Islamic...
- Moody's Signs Affiliation Agreement with Czech Rating Agency.
- Press release article from: Business Wire October 17, 2000 700+ words
...Oct. 17, 2000 Moody's Investors Service...Prague-based Czech Rating Agency (CRA), the largest credit rating agency in a nation poised...relationship between Moody's and CRA will...sixth international rating agency that Moody's has affiliated...
- Moody's buys CRA Rating Agency.
- News wire article from: Europe Intelligence Wire January 23, 2006 700+ words
...PRAGUE, Jan 23 (CTK) - Moody's Investors Service has bought Czech CRA Rating Agency, the largest rating...profits again, he added. Moody's said in a press release CRA Rating Agency should change its name to Moody's Central Europe...
- Investors Lowering Moody's Rating; The rating agency's policy of charging fees...
- Magazine article from: Investment Dealers' Digest May 22, 2009 700+ words
...Service. Some claim Moody's has deliberately...Association's credit rating agency task force. Cunningham...re investing in. Moody's has been charging...the recession. And Moody's is making matters...sources say. They say the rating agency is doing this because...
- Bond Insurers: Moody's Drops CIFG To Junk: Rating Agency Cites Potential...
- Magazine article from: The Bond Buyer Campbell, Dakin May 21, 2008 700+ words
...requirements," Moody's said. The ratings...according to the rating agency. If the bond insurer...leave it insolvent, Moody's said. The downgrade...in its portfolio, Moody's said. According to the rating agency, CIFG uses a conservative...
- Moody's Investors Service to Acquire a Minority Interest in Russia's Interfax...
- Press release article from: Business Wire June 10, 2002 700+ words
...June 10, 2002 Moody's Investors Service...based Interfax Rating Agency (IRA), a member...com. Interfax Rating Agency, which specializes...agreement with Moody's Investors Service...The Interfax Rating Agency is a member of...
- Moody's under fire for inconsistency; Rating agency's downgrade.
- News wire article from: Asia Africa Intelligence Wire February 13, 2003 700+ words
...government officials. "Moody's announcement was...t understand why the rating agency did an about-face in...s rating upgrade by Moody's might have been somewhat...premature, adding that the rating agency's credibility is being...
- Moody's acquires 49 per cent stake in Chinese rating agency.
- News wire article from: PTI - The Press Trust of India Ltd. April 14, 2006 700+ words
Moody's acquires 49 per cent stake in Chinese rating agency Beijing, Apr 14 (PTI) Leading international credit rating agency Moody's Corporation has entered an agreement to buy a 49 percent...
- Moody's to Buy 49% of China Credit Rating Agency.
- News wire article from: SinoCast China Financial Watch April 17, 2006 700+ words
...first nationwide credit rating agency, finalized an agreement...Rating Co., Ltd. to Moody's Investors Service...services in China. Moody's could raise its...According to the agreement, Moody's will provide technical...The U.S.-based rating agency will appoint chief executive...
Source: HighBeam Research, Despite Rise in Late Payments, Spain Outperforms Neighbors.(Brief...