Rating agencies divided over UK subprime outlook

The UK residential mortgage-backed securities (RMBS) market is not expected to experience the same problems that have blighted the US subprime mortgage market over the past few months, according to Fitch Ratings. But Standard & Poor's, while acknowledging the differences between the two markets, says there are lessons to be learned in the UK.

In the past six months, just under two dozen US subprime mortgage lenders have either been shut down or sold because of diminishing returns, according t

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