Intrinsically ambiguous

Category: RMBS

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Social RMBS may convey 'elevated' credit risks

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.

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