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Rating Assigned In Cédulas TDA 18's Spanish Mortgage Covered Bond Program Apr 10 Product Image

Rating Assigned In Cédulas TDA 18's Spanish Mortgage Covered Bond Program Apr 10

  • Published: April 2010
  • Region: Spain
  • Standard & Poors

Abstract
OVERVIEW We have assigned our 'AAA' rating to the first series A issuance under Cédulas TDA 18's program of Spanish multiseller mortgage covered bonds. The outlook is stable. This first issuance is for €1.77 billion out of a total program size of up to €20 billion; additional issuances can be drawn under the program until April 2013. Cédulas TDA 18 repacks Cedulas Hipotecarias of seven Spanish financial entities, initially: Bancaja, Banco de Valencia, Banco Gallego, Caixa Catalunya, Caja Duero, CAM, and Sa Nostra. MADRID (Standard & Poor's) April 15, 2010--Standard & Poor's Ratings Services today assigned its 'AAA' credit rating to Cédulas TDA 18, Fondo de Titulización de Activos' €1.77 billion fixed-rate notes. The outlook is stable. Cédulas TDA 18...

Companies mentioned in this report are:
- Cedulas TDA 18, Fondo de Titulizacion de Activos

Action: New Rating

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- Cedulas TDA 18, Fondo de Titulizacion de Activos

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