I don't know if those are standards worth arguing over or not, but at least they disagree on something.
Update: I incorrectly noted this was a CMBS deal on Friday, but Anonymous corrected me and it looks like it's a resi deal.
Friday, March 30, 2012
CSMC 2012-CIM1
Bloomberg had a TOP story on CMBS RMBS today (that's always so exciting!) talking about how Fitch thinks S&P is grossly inaccurate in giving Credit Suisse AAA ratings on bonds with just 8 percent subordination, noting that Fitch would never dream of assigning a AAA rating to any bond with less than a 9.75% subordination rate.
I don't know if those are standards worth arguing over or not, but at least they disagree on something.
Update: I incorrectly noted this was a CMBS deal on Friday, but Anonymous corrected me and it looks like it's a resi deal.
I don't know if those are standards worth arguing over or not, but at least they disagree on something.
Update: I incorrectly noted this was a CMBS deal on Friday, but Anonymous corrected me and it looks like it's a resi deal.
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3 comments:
you know that is an RMBS deal..
and besides, why does anyone care what Fitch thinks?
Ha - no, I didn't. I didn't even look it up because I was trying to sneak out early... I'll correct the post, thanks. ;-)
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