Standard & Poor's plans to revise its ratings methodology for U.S. securitizations of mortgage servicer advance receivables. 

In a request for comment published on August 14, S&P said the changes could result in upgrades for potentially 20% of the servicer advance deals that it rates and downgrades for another 30%. The average movement in ratings is expected to be one to two ratings categories; deals with high fixed-rate coupons or those with floating-rate coupons would likely be most vulnerable to downgrades.

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.