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Presale: Nostrum Mortgages 2003-1 PLC Oct 03 Product Image

Presale: Nostrum Mortgages 2003-1 PLC Oct 03

  • ID: 1781386
  • October 2003
  • Standard & Poors

This presale report is based on information as of Oct. 27, 2003. The credit ratings shown are preliminary. This report does not constitute a recommendation to buy, hold, or sell securities. Subsequent information may result in the assignment of final credit ratings that differ from the preliminary credit ratings. Please call one of Standard & Poor's Ratings Desks for the final ratings when assigned: London (44) 20-7847-7400, Paris (33) 1-4420-6705, Frankfurt (49) 69-33-999-223, Stockholm (46) 8-440-5916, or Moscow (7) 095-783-4017. The collateral is of strong quality, consisting of first-ranking residential owner-occupied mortgage loans with a weighted-average current LTV ratio of 44.03%. The reserve fund and excess spread are available to cover any interest or principal shortfalls. The servicing capabilities of...

Companies mentioned in this report are:
- Caixa Geral de Depositos S.A.
- Nostrum Mortgages 2003-1 PLC

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

- Caixa Geral de Depositos S.A.
- Nostrum Mortgages 2003-1 PLC

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