Lender

PMI downgrade impacts $600 million RMBS

By Staff Reporter• Wednesday, 16 Jul 2008•2 min read

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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

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