Moody's Analytics said that the next generation of Moody's Mortgage Metrics model for U.S. subprime mortgage loans will be available to market participants on Aug. 15.

The product was developed by Moody's Investors Service and is being used by its structured finance analysts as an input when rating primary issuance of subprime RMBS. The next generation ratings model for Prime and Alt-A mortgages will be released in the fourth quarter. 

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