New Issue: EMPRESAS HIPOTECARIO TDA CAM 5, Fondo de Titulizaci?n de Activos

Standard & Poors, February 2008

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

Abstract
Standard & Poor's Ratings Services has assigned credit ratings to the -1,430.8 million floating-rate notes issued by EMPRESAS HIPOTECARIO TDA CAM 5, Fondo de Titulizaci-n de Activos. The originator is Caja de Ahorros del Mediterr-neo (CAM; A+/Stable/A-1), which at closing, sold to EMPRESAS HIPOTECARIO TDA CAM 5 a -1.4 billion closed portfolio of secured loans granted to Spanish SMEs. To fund this purchase, Titulizaci-n de Activos, S.G.F.T., S.A., the trustee, issued five classes (the class A1, A2, A3, B, and C notes) of floating-rate, quarterly paying notes on behalf of EMPRESAS HIPOTECARIO TDA CAM 5. EMPRESAS HIPOTECARIO TDA CAM 5 is the fifth SME transaction completed by CAM. This securitization comprises a pool of underlying mortgage-backed assets granted to Spanish...

Companies mentioned in this report are: EMPRESAS HIPOTECARIO TDA CAM 5, Fondo de Titulizacion de Activos
Action: New Rating

EMPRESAS HIPOTECARIO TDA CAM 5, Fondo de Titulizacion de Activos

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