Transition Study: Japanese Structured Finance: Overall Credit Quality Improved In 2013, Lifted By Strong RMBS Performance - S&P Global Ratings’ Credit Research

Transition Study: Japanese Structured Finance: Overall Credit Quality Improved In 2013, Lifted By Strong RMBS Performance

Transition Study: Japanese Structured Finance: Overall Credit Quality Improved In 2013, Lifted By Strong RMBS Performance - S&P Global Ratings’ Credit Research
Transition Study: Japanese Structured Finance: Overall Credit Quality Improved In 2013, Lifted By Strong RMBS Performance
Published Apr 08, 2014
16 pages (8916 words) — Published Apr 08, 2014
Price US$ 600.00  |  Buy this Report Now

About This Report

  
Abstract:

This report separately presents the results of transition studies that Standard&Poor's Ratings Japan K.K. and Nippon Standard&Poor's K.K. conducted. Standard&Poor's Ratings Japan raised 9.41% of its outstanding ratings on Japanese structured finance securities in 2013, exceeding its downgrade rate of 5.10% for the year. The ratio of upgrades to downgrades (upgrade rate/downgrade rate) stood at 1.85 in 2013. The downgrade rate had consistently exceeded the upgrade rate from 2008 through 2010, but that pattern reversed in 2011 and continued to improve in 2013. Meanwhile, Nippon Standard&Poor's raised 11.76% of its outstanding ratings on Japanese structured finance securities and did not lower any ratings in 2013. In addition, in Nippon Standard&Poor's

  
Brief Excerpt:

...This report separately presents the results of transition studies that Standard & Poor's Ratings Japan K.K. and Nippon Standard & Poor's K.K. conducted. Standard & Poor's Ratings Japan raised 9.41% of its outstanding ratings on Japanese structured finance securities in 2013, exceeding its downgrade rate of 5.10% for the year. The ratio of upgrades to downgrades (upgrade rate/downgrade rate) stood at 1.85 in 2013. The downgrade rate had consistently exceeded the upgrade rate from 2008 through 2010, but that pattern reversed in 2011 and continued to improve in 2013. Meanwhile, Nippon Standard & Poor's raised 11.76% of its outstanding ratings on Japanese structured finance securities and did not lower any ratings in 2013. In addition, in Nippon Standard & Poor's study, all rating categories showed stable performance. Overview...

  
Report Type:

Commentary

Sector
Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Transition Study: Japanese Structured Finance: Overall Credit Quality Improved In 2013, Lifted By Strong RMBS Performance" Apr 08, 2014. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Transition-Study-Japanese-Structured-Finance-Overall-Credit-Quality-Improved-In-2013-Lifted-By-Strong-RMBS-Performance-1293066>
  
APA:
S&P Global Ratings’ Credit Research. (). Transition Study: Japanese Structured Finance: Overall Credit Quality Improved In 2013, Lifted By Strong RMBS Performance Apr 08, 2014. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Transition-Study-Japanese-Structured-Finance-Overall-Credit-Quality-Improved-In-2013-Lifted-By-Strong-RMBS-Performance-1293066>
  
US$ 600.00
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