MM Community Funding II recently recieved an upgraded rating from Fitch Ratings. The $766 million CBO, issued in November 2001, had its $205 million senior subordinated notes upgraded to 'A' from 'A-'. According to Fitch, the notes were upgraded as the overall credit quality of the underlaying institutions has improved. The transaction is backed by trust preferred securities.



Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.