Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

S&P raises ratings on Pepper?s loans

Staff Reporter 1 minute read

Standard and Poor’s last week raised the ratings on Pepper Home Loans’ Pepper Residential Securities Trust No. 4 Class B, C and D notes to AAA, A+ and BBB- respectively.

The rating agency also affirmed the AAA rating on the Trust’s Class A1, A2, and A3 notes.

Chief financial officer of Pepper Richard Balzer said the ratings upgrade affirmed Pepper’s “quality underwriting and servicing systems and processes”.

“The ongoing performance of this trust is confirmation of the quality credit assessments Pepper makes on the loans it writes,” he said.

While Mr Balzer said market liquidity remained tight he was optimistic about the future of RMBS. 

Advertisement
Advertisement

“Pepper continues to receive positive feedback from investors,” he said.

“Liquidity is tight but Pepper will continue to monitor debt markets and be ready to take advantage when any opportunities emerge in relation to new issuance.”

Published: 28-04-08

S&P raises ratings on Pepper?s loans
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB