New Issue: MM Community Funding IX Ltd./MM Community Funding IX Corp. - S&P Credit Research

New Issue: MM Community Funding IX Ltd./MM Community Funding IX Corp.

1555 words — Published May 12, 2003
Price $400.00  |  Buy this Report Now

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Abstract:

The ratings on MM Community Funding IX Ltd./MM Community Funding IX Corp.'s notes reflect the credit enhancement provided by the subordinate classes, the cash flow structure (which is subject to various stresses by Standard&Poor's), and the transaction's interest rate cap. Based on the composition of the portfolio at closing, the Standard&Poor's CDO Evaluator calculated a scenario default rate (SDR) of 58.22% for the class A notes. The collateral securing the rated notes consists of U.S. dollar-denominated securities of the following types: 30-year securities issued by trust subsidiaries of bank holding companies and thrift holding companies; 10-year subordinated notes issued by banks, thrifts, or other depository institutions, or holding companies affiliated with such entities; and certain other

  
Brief Excerpt:

RESEARCH Ratings Definitions New Issue: MM Community Funding IX Ltd./MM Community Funding IX Corp. $314 million fixed- and floating-rate notes and income notes Publication date: 12-May-2003 Ratings Detail Profile New Rating Classes A-1,...

  
Report Type:

Full Report

Issuer
MM Community Funding IX, Ltd
Sector
Asset-Backed Securities, Collateralized Debt Obligations, Structured Finance
Country
Region
Latin America
Format:
HTML HTML
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MLA:
S&P Credit Research. "New Issue: MM Community Funding IX Ltd./MM Community Funding IX Corp." May 12, 2003. Alacra Store. Apr 24, 2014. <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-MM-Community-Funding-IX-Ltd-MM-Community-Funding-IX-Corp-312484>
  
APA:
S&P Credit Research. (). New Issue: MM Community Funding IX Ltd./MM Community Funding IX Corp. May 12, 2003. New York, NY: Alacra Store. Retrieved Apr 24, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-MM-Community-Funding-IX-Ltd-MM-Community-Funding-IX-Corp-312484>
  
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