Mexico's housing finance provider Metrofinanciera tweaked the coverage of a partial credit guaranty from government agency Sociedad Hipotecaria Federal between its most recent RMBS and a prior one. The outcome of the change, which ultimately lowered the percentage coverage needed to achieve a top-tier rating, bodes well for its staying put.

"This gave us a good result," said Jorge Perez Maldonado, deputy head of treasury at Metrofinanciera. He added that the guaranty performs better with the most recent application.

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