Credit Suisse (CS) received high-quality ratings for the majority of bonds in its fourth private-label residential mortgage-backed securities deal.
The banking giant received stronger representation and warranties on this deal, suggesting investors are demanding more, according to DBRS.
DBRS said it views the reps and warrants features for this transaction to be consistent with prior deals.
The deal also is of stronger quality when compared to two of the bank’s prime jumbo transactions.
