Ratings Assigned In RMBS Transaction A.L.B.A. (2011-1) May 11
Standard & Poors, May 2011
Abstract
OVERVIEW We have assigned preliminary ratings to A.L.B.A. 2011-RP1's class A1, A2, B-Dfrd, C-Dfrd, and D-Dfrd notes. A pool of reperforming nonconforming loans secured by first-ranking mortgages over properties in England, Wales, Scotland, and Northern Ireland will back the notes. Mortgages PLC, Edeus Mortgage Creators Ltd., Paratus AMC Ltd, (formerly GMAC-RFC Ltd.), Platform Funding Ltd., and Wave Lending Ltd. originated all the loans in the pool via intermediary channels. LONDON (Standard & Poor's) May 20, 2011--Standard & Poor's Ratings Services has assigned its preliminary credit ratings to Aggregator of Loans Backed by Assets (A.L.B.A.) 2011-RP1 PLC's up to -278.6 million mortgage-backed floating-rate notes and up to -88.0 million mortgage-backed fixed-rate notes. On the closing date, we understand that A.L.B.A. will...
Companies mentioned in this report are: Aggregator of Loans Backed by Assets (A.L.B.A.) 2011-RP1 PLC
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Aggregator of Loans Backed by Assets (A.L.B.A.) 2011-RP1 PLC
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