The push to standardize subprime credit ratings is being led by Standard & Poor's Corp.
The rating agency has developed seven risk grades, RG1 through RG7, to replace the A-D rankings mortgage lenders now use to rate a loan's credit quality.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In