New Issue: TDA Ibercaja 6, Fondo de Titulizacion de Activos

Standard & Poors, March 2011

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

Abstract
Standard & Poor's Ratings Services has assigned credit ratings to TDA Ibercaja 6, Fondo de Titulizacion de Activos' mortgage backed floating-rate class A, B, C, and D notes. At closing, TDA Ibercaja 6 also issued unrated class E notes. This residential mortgage-backed securities (RMBS) transaction closed on June 25, 2008, but we were not engaged to rate the notes at that time. Since closing, the class A notes have amortized to -1,169,104,176 from an initial amount of -1,440,000,000. The transaction securitizes a pool of mortgage loans granted to individuals and originated by Caja de Ahorros y Monte de Piedad de Zaragoza, Aragon y Rioja (IBERCAJA) (IBERCAJA; A/Negative/A-1) in Spain. TDA Ibercaja 6 is one of the seven RMBS transactions performed...

Companies mentioned in this report are: TDA Ibercaja 6, Fondo de Titulizacion de Activos,Caja de Ahorros y Monte de Piedad de Zaragoza, Aragon y Rioja (IBERCAJA)
Action: New Rating

TDA Ibercaja 6, Fondo de Titulizacion de Activos,Caja de Ahorros y Monte de Piedad de Zaragoza, Aragon y Rioja (IBERCAJA)

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