Commutations Increase Liquidation Risk For Mezz Investors
More commutations by monolines could increase the number of liquidations for collateralized debt obligations of asset-backed securities, a negative for mezzanine investors.
--Olivia Thetgyi
More commutations by monolines could increase the number of liquidations for collateralized debt obligations of asset-backed securities, a negative for mezzanine investors. This would be the case in the $16.4 billion of commutations Ambac recently announced, as well as with commutations by other monolines, according to analysts ...Already a subscriber? Login