Spanish RMBS Index Report Q1 2012: Country Risk Is Likely To Drive Downgrades While Mortgage Arrears Are Rising May 12
- Language: English
- Published: May 2012
- Region: Spain
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OVERVIEW We have observed an increase in defaulted loans since our last review, and have reviewed the current levels of delinquencies in this transaction. As a result of our review, we have downgraded the class A, B, C, D, and E notes. We also affirmed the 'D (sf)' rating on the class F notes. Santander Hipotecario 5 closed in November 2008, with Banco Santander acting as originator and servicer for the underlying portfolios. MADRID (Standard & Poor's) May 6, 2011--Standard & Poor's Ratings Services today lowered its credit ratings on the class A, B, C, D, and E notes in Fondo de Titulizacion de Activos Santander Hipotecario 5. At the same time, we affirmed our 'D (sf)' rating on the...
Companies mentioned in this report are: Fondo de Titulizacion de Activos Santander Hipotecario 5
Action: Removed From CreditWatch
Fondo de Titulizacion de Activos Santander Hipotecario 5