During the month, a rating agency Standard & Poor’s (S&P) released a report entitled “Can Australian RMBS Ratings Withstand a Slowing Economy and Lower Property Prices?” and concluded that Australian RMBS ratings are largely resilient. As Gryphon has been communicating to our investors, debt serviceability is driven by mortgage rates and employment (not house prices).
GCI Investment Update July 2019The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. All monetary figures are in USD unless otherwise specified.
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