Powered by MOMENTUMMEDIA
Moody’s Investors Service yesterday downgraded $600 million of Australian RMBS following a downgrade to PMI Mortgage Insurance’s financial strength rating from Aa3 to Aa2.
Only junior notes were downgraded yet 107 notes totalling $15.2 billion remain on review for possible downgrades once the review of PMI is concluded.
Published: 16-07-08
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
Login
ISCOVER
