Moody’s Investors Service today held still on Dubai-based RMBS Tamweel Residential ABS C1, despite recent downgrades of the primary servicer Tamweel PJSC and standby servicer Dubai Islamic Bank (DIB).

The agency had cut the long-term issuer rating of Tamweel to ‘Baa3’ from ‘Baa1’ and of DIB to ‘Baa1’ from ‘A1.’

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.