The German RMBS index quarterly report provides a comparative analysis of the key performance indicators across the German RMBS sector. The key surveillance indicators are: delinquency rates and credit events, as well as actual realized losses. Furthermore, the index examines prepayment rates across the portfolio of German RMBS and looks at credit enhancement levels. It provides analysis of and commentary on current trends in the RMBS market in Germany, which is still predominantly characterized by synthetic structures.

These research articles are updated regularly and are available to subscribers of RatingsDirect®, Standard & Poor's Web-based credit research and analysis system, at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase individual copies of these reports by contacting RatingsDirect. Members of the media may request a copy of this report by contacting the media representative.

Ratings information can also be found on Standard & Poor's public Web site under Credit Ratings.