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Article: DCR Rates PNC Mortgage Securities Corp. $1,236,126,535 Mortgage Pass-Through Certificates Series 1998-14 Fixed-Rate Residential Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- December 28, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Dec. 28 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has rated the PNC Mortgage Securities Corporation Series 1998-14 Mortgage Pass-Through Certificates. The certificates were issued by PNC Mortgage Securities Corporation (PNC) and underwritten by Donaldson, Lufkin & Jenrette Securities Corporation and ABN AMRO Incorporated. The ratings on the 35 classes of publicly offered securities range from 'AAA' (Triple-A) to 'BBB' (Triple-B).
Group I Classes I-A-1 through I-A-10, I-P and I-X are rated 'AAA' (Triple-A). Group II Classes II-A-1, II-X and II-P are rated 'AAA' (Triple-A). Group III Classes III-A-1, III-A-2, III-A-3, III-X and III-P are ...