The National Association of Insurance Commissioners (NAIC) will extend Morningstar Credit Ratings designation on the NAIC credit rating provider list to all mortgage-backed securities (RMBS) and asset-backed securities.

Morningstar had previously only been designated by the NAIC to provide credit ratings on commercial mortgage-backed securities (CMBS). The ratings agency ratings have featured frequently in recent CMBS and single-family rental securitization deals.

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