Moody’s maintains a stable rating on Spanish mortgage bonds.

Spain's launch of a new 10-year government bond last week and planned €2 billion to €3 billion auction of a 15-year government bond Thursday.

Moody's maintains a stable rating on Spanish mortgage bonds.

The risk rating agency, Moody's, rated as ‘stable’ the emission of Spanish residential mortgage-backed securities (RMBS).

In the published report, Moody's notes that the increase in defaults was lower in May than in April, and constant prepayment rates remained stable at 5.53%.

Also, the agency indicates that the Spanish mortgage bond portfolio is EUR 139,400 million, compared to 148,700 a year ago.




Let The Barcelona Reporter Know What You Think Post your comment Below






News Source © 2010 Barcelona Reporter
Text within the news headline and/or news body may be subject to copyright Barcelona Reporter does not claim copyright to any such text.unless it is written by one of our reporters :
Please refer to the URL-referenced web page (the ‘Article Source’) for further information and details of the original source from the Barcelona Reporter.com web site. Copyright remains with the original copyright holder