RMBS downgrade highlights ongoing benchmark risk

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RMBS downgrade highlights ongoing benchmark risk

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RYDFKX Los Angeles, California, USA - 28 February 2019: Moodys website homepage. Moodys logo visible on display screen, Illustrative Editorial | Alamy Stock Photo

Moody’s this week downgraded an RMBS from debut issuer LendInvest less than two weeks after the online mortgage lender brought the UK prime buy-to-let deal to market. The episode is a rare occurrence in the European securitization market.

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