New Issue: BBVA Autos 2 Fondo de Titulizacion de Activos Jan 06
Standard & Poors, January 2006
Abstract
In this securitization of Spanish auto loans, ratings were assigned to the ?1 billion floating-rate asset-backed notes issued by BBVA Autos 2 Fondo de Titulización de Activos, an SPE. The originator of the loans is Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), one of the primary lenders in the Spanish financial arena. Specifically, the portfolio securitized consists of unsecured loans, either performing or in arrears up to 30 days, made to individuals resident in Spain to buy a new car. The portfolio securitized accounts for 46.13% of BBVA's total auto loan portfolio (excluding other types of financing offered by the BBVA group and excluding the first BBVA autos loans securitization) and was originated between March 1998 and August 2005. This transaction...
Companies mentioned in this report are:
- BBVA Autos 2, Fondo de Titulizacion de Activos
- Banco Bilbao Vizcaya Argentaria S.A.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- BBVA Autos 2, Fondo de Titulizacion de Activos
- Banco Bilbao Vizcaya Argentaria S.A.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
