A first-of-its-kind, mortgage-related, Mexican collateralized debt obligation is being launched, according to Fitch Ratings.The deal, which is being issued in the local markets of Mexico, is a repackaging of the senior tranches of five Mexican residential mortgage-backed securities transactions, Fitch said. Sam Fox, a senior director at Fitch, told listeners during a March 1 teleconference that the groundbreaking CDO is expected to be somewhat effective in improving liquidity in the secondary market for Mexican MBS and broadening the investor base in that market.
Processing Content
