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
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Research Type: Full Analysis