The Spanish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: November 2011
- Region: Spain
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
Standard & Poor's Ratings Services has assigned preliminary credit ratings to the -2.039 billion floating-rate notes to be issued by IM GRUPO BANCO POPULAR FTPYME II, Fondo de Titulizacion de Activos. The originators of this transaction are: Banco de Andaluc-a S.A., Banco de Castilla S.A., Banco de Cr-dito Balear S.A., Banco de Galicia S.A., Banco de Vasconia S.A., and Banco Popular Espa-ol, S.A. (together "Grupo Banco Popular"). Grupo Banco Popular is Spain's fifth-largest financial institution. At closing, the originators will sell to the issuer a -2 billion closed portfolio of secured and unsecured loans granted to Spanish SMEs. To fund this purchase on the issuer's behalf, the trustee (InterMoney Titulizaci-n, S.G.F.T., S.A.) will issue six classes of floating-rate, quarterly-paying notes....
Companies mentioned in this report are: Banco Popular Espanol, S.A.,IM GRUPO BANCO POPULAR FTPYME II, Fondo de Titulizacion de Activos
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Banco Popular Espanol, S.A.,IM GRUPO BANCO POPULAR FTPYME II, Fondo de Titulizacion de Activos