Credit Suisse plans to issue a $290.9 million residential mortgage-backed securities transaction called CSMC Trust 2013-IVR 5.
The deal has been assigned preliminary ratings by Standard & Poor’s. The class A-1 through A-13 notes are rated AAA’. The class B-1 notes are rated A’, the class B-2 notes are rated BBB’ and the class B-3 notes are rated BB’. S&P will not rate the class B-4 and B-5 notes.