More structured-finance deals without ratings expected
Highland Capital Management is reportedly preparing to issue a corporate collateralised loan obligation without credit ratings, and Credit Suisse is thought to have sold a residential mortgage-backed securities deal without credit ratings. 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.
Structured Credit Investor (U.K.) | 04 Nov.
This story published in SIFMA Global SmartBrief on 11/06/2009
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