Moody's Notes Metrofinanciera MBS Irregularities

Moody's Notes Metrofinanciera MBS Irregularities

Structured Finance

Moody's has put 6 Metrofinanciera MBS deals on review for possible downgrade based on “irregularities involving the servicing of the securitized pools.” This includes Metrofinanciera's delay in transferring collections to the trust, and inconsistencies found in collections reports prepared by Metrofinanciera, the agency adds. The following Baa1 deals are in the frame: METROCB 04U, METROCB 05U, MFCB 05U, METROCB 06U, MTROCB 07U, and MTROCB 08U. “The rating action is also based on Moody's concerns

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