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Preliminary Ratings Assigned To SMHL Securitisation Fund 2010-1 RMBS Mar 10 Product Image

Preliminary Ratings Assigned To SMHL Securitisation Fund 2010-1 RMBS Mar 10

  • Published: March 2010
  • Standard & Poors

Abstract
OVERVIEW SMHL Securitisation Fund 2010-1 is a securitization of prime residential mortgages originated by Members Equity Bank Pty Ltd. We have assigned preliminary ratings to the three classes of bonds to be issued by Perpetual Ltd. as trustee for SMHL Securitisation Fund 2010-1. The preliminary ratings reflect our opinion of the transaction's credit support, collateral pool, servicer, and other features based on our current criteria and assumptions. MELBOURNE (Standard & Poor's) March 3, 2010--Standard & Poor's Ratings Services today assigned its preliminary ratings to the three classes of prime residential mortgage-backed securities (RMBS) to be issued by Perpetual Ltd. as trustee of SMHL Securitisation Fund 2010-1 (see list). This will be the first issue of securitized mortgage loans originated through...

Companies mentioned in this report are: SMHL Securitisation Fund 2010-1,Members Equity Bank Pty Ltd.
Action: Preliminary Rating

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SMHL Securitisation Fund 2010-1,Members Equity Bank Pty Ltd.

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