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Structuring issues for commercial mortgage-backed securities in Australia

Chikolwa, Bwembya (2008) Structuring issues for commercial mortgage-backed securities in Australia. In The 13th Asian Real Estate Society Annual Conference, 12-15 July 2008, Shanghai, China. (Unpublished)

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Abstract

This paper presents survey results of factors considered by originators/issuers and arrangers of Australian Commercial Mortgage-Backed Securities to obtain high credit ratings and those considered in the pricing of the issues to ensure their success. Rating of issues was found to be the main reason why investors invest in CMBSs and provision of funds at attractive rates as the main motivation behind CMBS issuance. Furthermore, asset quality was found to be the most important factor necessary to obtain a high credit rating supporting the previous industry view that assets backing securitisation are its fundamental credit strength.

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ID Code: 21055
Item Type: Conference Paper
Additional Information: For author's SSRN download statistics go to Author link below
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Keywords: Commercial mortgage-backed securities, structuring, credit rating, issuers, arrangers
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Finance (150201)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2008 [please consult the author]
Deposited On: 10 Jun 2009 10:37
Last Modified: 09 Jun 2010 23:43

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