TITLE

Fitch: Commercial CDOs Shouldn't Suffer from Subprime Mess

AUTHOR(S)
Thangavelu, Poonkulali
PUB. DATE
April 2007
SOURCE
National Mortgage News;4/30/2007, Vol. 31 Issue 31, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that commercial real estate-backed collateralized debt obligations (CRE CDOs) do not have much exposure to the subprime residential mortgage-backed securities (RMBS) in the U.S. Based on Fitch Ratings, the two CRE CDOs with the largest exposure to subprime RMBS have an exposure to 2003 and 2004 vintages of 50.4% and 34.7 %. However, all 2006 subprime RMBS bonds are of investment grade quality.
ACCESSION #
24927447

 

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