Connecticut Avenue Securities receive additional NAIC designations
The National Association of Insurance Commissioners (NAIC) has released designations on two additional deals under Fannie Mae’s Connecticut Avenue Securities™ (CAS) series, CAS 2016-C06 and 2016-C07.
The designations for the 2016 filing year are as follows.
|NAIC 1||CAS 2016-C06 1M1||30711XDP6|
|NAIC 2||CAS 2016-C06 1M2||30711XDS0|
|NAIC 1||CAS 2016-C07 2M1||30711XDZ4|
|NAIC 3||CAS 2016-C07 2M2||30711XEC4|
The NAIC’s Structured Securities Group (SSG) describes its designations on its webpage.i
The National Association of Insurance Commissioners 2016 Mortgage Reference Securities Report is not a substitute for or functional equivalent of the credit ratings of rating agencies and is not produced to permit investors to compare the likelihood of default or of full and timely payment between one or more securities.
i The NAIC's SSG is responsible for the day-to-day credit quality assessment and valuation of securities owned by state regulated insurance companies. The SVO conducts credit analysis on these securities for the purpose of assigning an NAIC designation and/or unit price.