Ratings Assigned To Dolphin Master Issuer's Dutch RMBS Series 0-2008-I Issuance Dec 08
- ID: 1810615
- December 2008
- Region: Netherlands, Holland
- Standard & Poors
LONDON (Standard & Poor's) Dec. 15, 2008Standard & Poor's Ratings Services has assigned its credit ratings to the series 0-2008-I mortgage-backed floating-rate notes issued by Dolphin Master Issuer B.V. (see list below). This multiple issuance vehicle is similar to Fortis Bank's Beluga Master Issuer B.V. platform. Dolphin Master Issuer uses loans originated by Fortis Hypotheek Bank N.V. (FHB), Fortis Bank Nederland N.V. (FBN) and Direktbank N.V. The collateral consists of loans secured by first- and sequentially lower-ranking mortgages over residential properties in The Netherlands. This is a multiple issuance vehicle with a five-year revolving period. There have been three such issuances under the program. Notably, all issued notes thus far are series "0" notes. These are only issued to Fortis...
Companies mentioned in this report are:
- Dolphin Master Issuer B.V.
Action: New Rating
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Research type: News
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