S&P Adds CMBS Pricing to Conquest
Standard & Poor's is including commercial mortgage-backed securities pricing to its Conquest technology.
The financial information services company said that they will provide evaluations "that are directly related to market activity for liquid securities and a proven methodology to compare illiquid securities to the active market."
S&P also expects to provide CMBS customers "with prices that have no potential bias inherent in owning or selling securities."
The Conquest model analyzes call protection, loan prepayment rates, loan defaults, default recovery rates and cash-flow distribution to ascertain bond prices.
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