Securitization

Subprime RMBS, CDOs ‘Extinct,’ Says Moody’s 

Some interesting comments made in Australia Thursday are catching the eye of some market participants, as Moody’s Investors Service managing director Jennifer Elliot told conference attendees in Melbourne that more than a few structured finance vehicles are likely headed towards extinction. Subprime RMBS and ABS CDOs are gone, and never likely to return from an issuance standpoint, Elliot said in conference remarks, according to a report from Bloomberg News.