""Standard & Poor's"":http://www.standardandpoors.com/ has reaffirmed ""Clayton Holdings LLC's"":www.clayton.com/ standing as a third-party due diligence provider for residential mortgage-backed securities. The company's announcement follows S&P's annual review of the company's rating.
Clayton first received approval as a third-party entity by S&P in 2009 when the ratings agency initiated its evaluation system for due diligence providers.
""We are pleased that S&P has again recognized our due diligence capabilities,"" noted Paul Bossidy, Clayton's CEO. ""S&P's ongoing re-evaluation process sends an important message to the marketplace: Going forward, only the most qualified, independent firms will review the collateral backing non-agency securities.""
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