S&P gears up for rating action against Irish RMBS

Standard & Poor’s has put the ratings on seven Irish RMBS on credit watch negative as Irish delinquencies rise.

  • 12 Oct 2012

S&P took the action against 25 classes of notes in seven deals. Celtic Residential Irish Mortgage Securitisation (Crimson) No 11 and No 12, Fastnet Securities 2, 4, 5 and 7, and Kildare Securities are the affected deals.

S&P has revised the way it analyses Irish transactions because of increases ...

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1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

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5 Barclays 13,965.64 46 7.25%