The debate about the viability of the super-senior structure in the current environment experiences a resurgence, Fitch Ratings said today.

For instance, the DBUBS 2011-LC3 deal had a Fitch-rated ‘AAAsf’ super-senior class with 30% credit enhancement, which is considerably more than the 21% credit enhancement supporting the junior-senior class. This class is also rated ‘AAAsf’ by the rating agency.

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