More structured-finance deals without ratings expected

11/6/2009 | Structured Credit Investor (U.K.)

Highland Capital Management reportedly is preparing to issue a corporate collateralized loan obligation without a credit rating, and Credit Suisse is thought to have sold a residential mortgage-backed securities deal without a rating. It is expected that these types of nonrated structured-finance securities deals will become increasingly common. "I expect deals like this will become more prevalent as real money investors begin to restaff and use internal resources to do their analysis," said John Uhlein, founder and managing partner of Grenadier Capital.

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Structured Credit Investor (U.K.)

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