S&P Sets RMBS Rating Deadlines

Standard & Poor's Ratings Services is setting deadlines for receiving essential data needed for rating U.S. residential mortgage-backed security transactions.S&P said for most mainstream deals, the data should be submitted for review by 9 a.m. EST two days before the deal's intended closing date. The rating agency is also requesting that issuers contact it for transaction-specific deadlines when issuing more esoteric RMBS deals. S&P said the deadlines would be effective for all transactions closing after Nov. 1. S&P can be found on the Web at http://www.standardandpoors.com.