In a recent study on monoline wrapped deals and pricing, PaineWebber found that in times of trouble, insured bonds from non-top tier issuers do not price much better than those structured as senior/subordinate deals.

The results were both surprising and interesting, said Tom Zimmerman, head of ABS research at PaineWebber.

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.