The recent upgrade of the first 10 series of the Granite master trust program by all three rating agencies may on the surface signal a shift in their approach on upgrades for legally tappable deals.

Analysts, however, say the rules remain the same.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.