- Language: English
- Published: June 2010
- Region: United Kingdom
Preliminary Ratings Assigned To SMBC's 22nd RMBS Deal May 11
- Published: May 2011
- Standard & Poors
OVERVIEW SMBC Residential Mortgage Trust Certificates No. 22 are backed by a pool of housing loan receivables originated by Sumitomo Mitsui Banking Corp. SMBC 22 RMBS Special Purpose Co.'s bonds are backed by the class A-1 senior trust certificates of SMBC Residential Mortgage Trust Certificates No. 22. We assigned our preliminary 'AAA (sf)' ratings to the class A-1 and A-2 senior trust certificates and our preliminary 'AAA' rating to SMBC 22 RMBS Special Purpose Co.'s bonds. The preliminary ratings reflect our view of the transaction's legal structure, credit support, and pool characteristics, among other factors. TOKYO (Standard & Poor's) May 30, 2011--Standard & Poor's Ratings Services today said that it has assigned its preliminary 'AAA (sf)' ratings to the SMBC...
Companies mentioned in this report are: SMBC Residential Mortgage Trust Certificates No.22,SMBC 22 RMBS Special Purpose Co.
Action: Preliminary Rating
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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.
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SMBC Residential Mortgage Trust Certificates No.22,SMBC 22 RMBS Special Purpose Co.