Credit loss can vary depending on subordinated securities
and non-subordinated securities
The bank has hired four banks to help arrange its first offshore sale of subordinated securities
that will count as capital under the country's new banking rules.
03% of subordinated securities
, thus guaranteeing the interests of the originating institution and investors.
Some will go toward credit-linked securities and senior subordinated securities
It is Fitch's view that sovereign support, while possible, cannot be sufficiently relied upon to flow through to bank hybrids and subordinated securities
, the rating agency said.
com, in most countries it is Fitch's view that sovereign support, while possible, cannot be sufficiently relied upon to flow through to bank hybrids and subordinated securities
The Ca ratings on these subordinated securities
reflect the anticipated loss to those creditors that will participate in the exchange.
OMFI is the only fund in Oman with a mandate to invest in subordinated securities
of Omani companies.
The regulator completely eliminated all subordinated securities
and private-label mortgage-backed securities rather than allowing them in limited concentrations as originally proposed.
The revised rule addresses the risk-based capital treatment for recourse obligations, residual interests (except credit-enhancing I/Os), direct-credit substitutes, and senior subordinated securities
in asset securitizations that expose banking organizations (including bank holding companies) primarily to credit risk.
75% senior unsecured notes due 2015, $350 million 8% senior unsecured notes due 2039, as well as the indicative debt ratings of "bbb" on senior unsecured securities and "bbb-" on the subordinated securities
under the shelf registration of the parent holding company; Transatlantic Holdings Inc.
Fitch expects to assign a 'B+' rating to an upcoming issue of up to US$120 million of 10-year junior subordinated securities