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Preliminary Ratings Assigned To Monastery 2006-I B.V.'s Dutch RMBS Oct 06

  • ID: 1810264
  • October 2006
  • Region: Netherlands, Holland
  • Standard & Poors
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LONDON (Standard & Poor's) Oct. 3, 2006-Standard & Poor's Ratings Services said today that it assigned its preliminary credit ratings to the -875 million secured mortgage-backed floating-rate notes to be issued by Monastery 2006-I B.V., an SPE (see list below). The collateral pool consists of loans secured by first-ranking and sequentially lower-ranking mortgages over residential properties situated in The Netherlands. The loans comprise interest-only mortgage loans, annuity mortgage loans, and life mortgage loans. DSB Bank N.V. is the originator for this transaction. Some key features of the transaction are as follows: - All mortgage loans in the pool are first-ranking or first and sequentially lower-ranking residential mortgages with historically low losses. - The portfolio is geographically diverse and predominantly exposed...

Companies mentioned in this report are: Monastery 2006-I B.V.
Action: CreditWatch Update
Action: Preliminary 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
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Monastery 2006-I B.V.

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