American Business Financial Services Inc. closed an $80 million securitization of business and consumer residential mortgage loans on Tuesday, the company said.

The transaction was completed through the company's three main subsidiaries, American Business Credit Inc., Upland Mortgage, and New Jersey Mortgage and Investment Corp.

Standard & Poor's Corp. and Moody's Investors Services Inc. each gave a triple-A rating to the two class-A certificates and Financial Security Assurance Inc. issued a certificate insurance policy for all certificate holders of both class-A securities.

The company, a provider of investment products and credit services to consumers and businesses, said the market for its securitizations remains strong because of the high quality of its loan portfolio.

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