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New Issue: BBVA Autos 2 Fondo de Titulizacion de Activos Jan 06 Product Image

New Issue: BBVA Autos 2 Fondo de Titulizacion de Activos Jan 06

  • Published: January 2006
  • Standard & Poors

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 READ MORE >

- BBVA Autos 2, Fondo de Titulizacion de Activos
- Banco Bilbao Vizcaya Argentaria S.A.

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