In Brief: Tex. Specialty Financier Securitizes $153 Million

Amresco Inc. securitized more than $150 million of business loans at the end of the fourth quarter, the specialty finance company said.

Amresco, based in Dallas, said the $153.2 million securitization was backed mainly by restaurant loans. About 80% of the loans were rated AAA by Duff & Phelps Credit Rating Co., Fitch IBCA, Moody's Investors Services, and Standard & Poor's, Amresco said.

Analysts and market watchers have said that a large finance company is likely to buy all or part of Amresco.

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