Login or request a free trial

Fitch follows on Mobius

Following on from S&P three weeks earlier, Fitch raised its ratings on six tranches of mortgage-backed bonds issued by Mobius NCM-04 Trust. Ratings on the Class B, C, D, E, F and M tranches were raised by as many as three notches to 'AAA', 'AA', 'BBB', 'BB', 'CCC' and 'B', respectively.The upgrades reflect the restructuring of the Trust's lenders mortgage insurance arrangements, including A$7 million being deposited into a reserve account, which can be used to cover losses on any loans in the trust.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day