While demand for ESG assets is gaining traction, social RMBS transactions might convey inherent credit risks, a recent S&P report warns. If green deals have managed to attract a ‘greenium’, defining social bonds appears to be a more subjective task (SCI 1 April).
Social RMBS follows the assumption that the financial markets have a role to play in reducing inequalities.
Not yet registered? Join today to access SCI Content.