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Metris offers its first double-Bs: Borrows against 2004-2 retained interest...

The Metris Companies continued its turnaround last week, pricing its first ever double-B rated transaction from the Metris Master Trust. The offering, however, was unique for several reasons and marks what Metris hopes will become programmatic double-B rated issuance going forward.

The $52.8 million series 2004-2 D tranche offering,...

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