Preliminary Ratings Assigned To Caixa Catalunya's 14th Spanish RMBS Transaction

Standard & Poors, May 2008

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Research type: News
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Abstract
MADRID (Standard & Poor's) May 9, 2008-Standard & Poor's Ratings Services said today that it has assigned its preliminary credit ratings to the -1.2 billion mortgage-backed floating-rate notes to be issued by Hipocat 15, Fondo de Titulizaci-n de Activos (see list below). The originator of this transaction is Caixa d'Estalvis de Catalunya (Caixa Catalunya). At closing, Caixa Catalunya will sell the issuer a -1.2 billion closed pool of mortgage loans granted to Spanish residents. The mortgage loans will be backed by first-ranking mortgages. This will be Caixa Catalunya's 14th residential mortgage-backed securitization of Spanish mortgage loans. In this transaction, Caixa Catalunya will act as originator, servicer, swap counterparty, and bank account provider. The collateral comprises loans, which, unlike in previous...

Companies mentioned in this report are: Hipocat 15, Fondo de Titulizacion de Activos
Action: Preliminary Rating

Hipocat 15, Fondo de Titulizacion de Activos

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