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
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