Standard & Poor's has announced that it is now including commercial mortgage-backed securities pricing in its Conquest pricing service.The financial information services company said it 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 said it also expects to provide CMBS customers "with prices that have no potential bias inherent in owning or selling securities." S&P analysts will be available to discuss the prices. The company's proprietary Conquest technology analyzes call protection, loan prepayment rates, loan defaults, default recovery rates, and cash flow distribution to ascertain bond prices.
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