At the heart of every structured finance transaction is a vehicle designed to protect investors in the event of a bankruptcy. The credibility of these bankruptcy-remote vehicles and the criteria by which their levels of risk are measured stand as the foundation of today's structured finance market.
As the structured finance market has grown, diversified and expanded across country borders, Standard & Poor's has grown with it. We continually innovate and work to maintain leadership in terms of the size and experience of our analytical staff, the extent of out global network, the range of transactions we rate, and the depth of our ongoing surveillance. At the same time, we remain open and accessible to industry constituents and committed to the free flow of information that has made the market strong.
Standard & Poor's has led the way in an increasingly diverse structured finance market with specific analytical departments. These departments focus extensive resources on the challenges posed by various types of assets. They are dedicated to making the highest quality of information accessible to the investment community. Please click on the links below "Asset Classes" to learn more.
Leadership Actions
Criteria:
Request For Comment: Should An Identifier Be
Added To Standard & Poor's Structured
Finance Ratings?
Standard & Poor's Ratings Services is requesting comments on the proposed addition of an identifier to signify that
a rating is on securities that have been issued out of a securitization structure. The purpose of the identifier is to
provide greater transparency and insight to market participants by distinguishing structured finance ratings from the
more traditional corporate and government ratings.
This proposal is among 27 Leadership Actions that we
announced on Feb. 7, 2008 aimed at strengthening the credit ratings process—specifically in the areas of
governance, analytics, information, and education.
Standard & Poor's Asset-Backed Securities (ABS) covers a broad spectrum of ABS ratings, including new assets, revolving consumer assets (credit cards), synthetic securities and many others.
From cash flow and market-value CDOs to derivatives, Standard & Poor's provides its customers with tools to adequately assess the global challenges of credit risk management.
Standard & Poor's applies risk-based analytics to a broad spectrum of transactions backed by residential mortgage-backed collateral, including Prime Residential, Jumbo, Alternative A Subprime (Home Equity), 2nd Lien, HELOCS, Closed end, Scratch & Dent, and Non-Reperfoming Loans, and Tax Liens and Reverse Mortgages.
Standard & Poor's Real Estate Finance group provides evaluations, assessments and ratings to determine the risk of a wide variety of commercial mortgage transactions.
A dedicated team of analysts assesses a wide range of a servicer's business practices. It does this through on-site meetings and analyses of company materials and data, summarizing in a report its findings and recommendations a report.
