Category Archives: Asia-Pacific Market

Australian And New Zealand RMBS Criteria Released, With Limited Impact On Outstanding Ratings

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 […]

Sound Economy Is Aiding Outlook For The Australian Housing Market

Standard & Poor’s this month published its outlook assumptions for the Australian residential mortgage market to support its view of loss expectations for archetypical mortgage pools, as defined in its updated RMBS criteria article. Standard & Poor’s credit analysis of mortgage pools, which incorporates this outlook and expected loss scenario, reflects: The loss expectation for […]

Australian REITs go back to basics as debt appetite reduces

Like many REITs elsewhere, Australian commercial property companies rated by Standard & Poor’s are emerging from the global financial and economic crises with stronger balance sheets and improved risk profiles. Over the past few years, the sector has dramatically reduced its debt appetite, undertaken sizable equity raisings, adopted more conservative distribution policies, and reverted to […]

Australian RMBS Arrears Remain Low Amid Sound Housing Market And Economic Outlook

While the losses on various RMBS vintages continue to rise, they still remain low in absolute levels, as shown in the latest issue of the Australian RMBS Performance Watch. Loans that are in arrears by more-than-30 days were 1.80% in May 2011, as measured by the Standard & Poor’s Australian prime mortgage performance index (SPIN). […]

Australia’s Property Sector Diversification Of Funding & Trends In Property Financing

The FTA in conjunction with Standard & Poor’s are holding a series of forums to present the latest information and trends on Australia’s property sector and diversification of funding and trends in property financing. Topics to be covered include: Outlook for the property sector Debt refinancing challenges for REITs What property sub-sectors may experience increased […]

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