The Federal Reserve announced yesterday that it has included credit rating agency Realpoint in the group of agencies approved to rate newly issued and legacy commercial mortgage backed securities (CMBS) being considered for inclusion in the Central Bank's Term Asset-Backed Securities Lending Facility, or TALF, program.
"The TALF program should help restart the CMBS market, a critical component of the U.S. economy," said Robert Dobilas, President and Chief Executive Officer of Realpoint. "It is especially important for the Federal Reserve to include a company like ours, which is leading the evolution of the ratings process. We are determined to provide investors with unprecedented access to the underlying analysis used to develop our ratings."
Realpoint is the only rating agency which covers the entire secondary, or legacy, CMBS market, providing monthly ratings and analysis to subscribers, including investors, portfolio managers, analysts and other market participants. "Because investors pay for Realpoint's secondary market analysis of CMBS, we have to prove our value every month," said Dobilas. "We believe investor support for Realpoint will carry over to the new-issue market where we have implemented a ratings strategy focused on investor demand for solid fundamental credit analysis, access to information, and full transparency of the ratings process."
About Realpoint
Realpoint is a nationally recognized credit-rating agency that has earned a reputation for innovation and excellence in the structured finance market. Our goal is to increase market transparency and provide investors with the highest quality ratings and analysis by offering a wide array of securities research, surveillance services, data, and technology solutions. More than 200 clients trust Realpoint to identify and evaluate investment opportunities and risk.
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Michelle Weiss
Media
Realpoint LLC
267-960-6014
Michelle.Weiss@Realpoint.com
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Realpoint LLC
267-960-6004
