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Ratings Affirmed On Class A1, A2, B, C, And D Notes In Spanish RMBS Transaction TDA Ibercaja 5, FTA Sep 10 Product Image

Ratings Affirmed On Class A1, A2, B, C, And D Notes In Spanish RMBS Transaction TDA Ibercaja 5, FTA Sep 10

  • ID: 1711812
  • September 2010
  • Region: Spain
  • Standard & Poors

Abstract
OVERVIEW TDA Ibercaja 5 is currently demonstrating strong performance, in our view. According to the most recent transaction information from August 2010, TDA Ibercaja 5 has not drawn on its reserve fund and delinquencies are low compared with the average we observe in Spanish RMBS transactions. We have thus affirmed the ratings on the class A1, A2, B, C, and D notes. TDA Ibercaja 5 is a Spanish RMBS transaction that securitizes a portfolio of residential mortgage loans secured over properties in Spain. MADRID (Standard & Poor's) Sept. 21, 2010--Standard & Poor's Ratings Services today affirmed its credit ratings on TDA Ibercaja 5, Fondo de Titulizacion de Activos' class A1, A2, B, C, and D notes. The rating on the...

Companies mentioned in this report are:
- TDA Ibercaja 5, Fondo de Titulizacion de Activos

Action: Affirmed

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- TDA Ibercaja 5, Fondo de Titulizacion de Activos

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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