Current outlook for U.S. RMBS issuance
Expect RMBS to maintain strong credit quality
- Returns continue to attract investors
- High-grade corporate issuance in short supply
- Credit quality of U.S. corporate bond averaging BBB-
- Vast majority of RMBS ratings have been investment grade and very stable
- AAA rating for 88.1% $3.6 trillion in par value of S&P ratings outstanding as of January 1, 2007