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News Round Up

Tuesday 28th of October 2003
Non-conforming lender Liberty Financial has launched a $110 million mortgage backed securitisation issue in New Zealand.

Standard & Poor’s has assigned its AAA preliminary rating to the Liberty NZ Series 2003-1 Trust.

It is the first securitisation of New Zealand subprime and nonconforming residential mortgages to be rated by Standard & Poor’s.

Liberty was the first, and remains the highe...

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