The European unit of Moody’s Investors Service is now offering supplements with raw data and performance statistics to accompany its overviews of RMBS deals in the U.K., Germany and Switzerland.
The new supplement is designed to provide greater insight into the historical performance of the deals and to provide investors better access to actively monitor data for internal reporting purposes, the rating agency said.
The downgrade of German originated Provide Gems transaction last September prompted market participants to call for more accurate information, particularly for currently rated German RMBS deals. Moody’s will initiate its roll-out of the data supplements for all RMBS deals by GMAC, Southern Pacific Mortgages and Northern Rock’s Granite Master Trusts, as well as deals in the German and Swiss RMBS markets. The agency said it plans to extend its coverage to further U.K. deals and other jurisdictions in the EMEA region over the coming months.
