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Bulletin: Ratings Confirmed On SOL-LION's Spanish RMBS Following Updated Regulation Requirements
Standard & Poors, July 2010
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.
Abstract
OVERVIEW ECB Guideline BCE/2010/1 will require all Spanish securitizations to have ratings from two agencies by March 1, 2011. The trustee has requested our rating agency confirmation after changes it has made to the transaction documents to comply with the ECB Guideline. We have issued the RAC and our ratings on the class A, B, and C notes are unaffected. ING Direct N.V., Sucursal en Espa-a originated the Spanish mortgage loans securitized in this transaction. MADRID (Standard & Poor's) July 19, 2010--Standard & Poor's Ratings Services today confirmed its credit ratings on SOL-LION Fondo de Titulizaci-n de Activos 's class A, B, and C notes (see list below). This follows changes to the transaction documents to comply with the requirements...
Companies mentioned in this report are: SOL-LION, Fondo de Titulizacion de Activos
Action: Bulletin
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