This month, Standard & Poor’s updated its methodology and assumptions for analysing credit risk associated with collateral backing Australian and New Zealand residential mortgage-backed securities (RMBS). These criteria, which apply immediately to all new and existing Australian and New Zealand RMBS backed by prime, subprime, and nonconforming mortgages, includes some changes from the criteria proposed [...]
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Australian Household Debt To Income Reaches Sensitive Level
Australia’s mortgage performance is likely to remain stable in 2012, despite signs that household debt to income has reached sensitive levels amid declining property prices. That’s one of the key take-away messages from a market briefing hosted by Standard & Poor’s Ratings Services in Melbourne on March 27, 2012. The briefing also heard from Standard [...]