Performance Watch: Tokai Labour Bank RMBS Transactions, Series 1 To 7; Update For September 2012 Oct 12
- Language: English
- Published: October 2012
Big-Sky 2008-1 is an RMBS transaction whose trust certificates and specified bonds are backed by a pool of housing loan receivables originated by Shinsei Bank. Standard & Poor's has affirmed and removed from CreditWatch positive its long-term credit rating on Shinsei Bank, the servicer as well as the originator in the transaction. Today's rating actions on Big Sky 2008-1's trust certificates reflect the rating action on Shinsei Bank and the credit quality of the transaction's underlying assets. We are affirming our ratings on Big Sky 2008-1's seller trust certificates and subordinate trust certificates class 1 and removing the ratings from CreditWatch with positive implications. At the same time, we are affirming our ratings on the class S1 to S3 specified...
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Big Sky 2008-1