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Preliminary Ratings Assigned To The 2011 RMBS Issue Of Nautilus Trust No. 1 Series 2008-1 Sep 11 Product Image

Preliminary Ratings Assigned To The 2011 RMBS Issue Of Nautilus Trust No. 1 Series 2008-1 Sep 11

  • ID: 1921553
  • September 2011
  • Standard & Poors

Abstract
OVERVIEW Nautilus Trust No. 1 Series 2008-1 (2011 Issue) is a securitization of prime residential mortgages originated by Columbus Capital Pty Ltd. We have assigned our preliminary ratings to the five classes of notes to be issued by Permanent Custodians Ltd. as trustee for Nautilus Trust No. 1 Series 2008-1 (2011 Issue). 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) Sept. 19, 2011--Standard & Poor's Ratings Services today assigned its preliminary ratings to the five classes of prime residential mortgage-backed securities (RMBS) to be issued by Permanent Custodians Ltd. as trustee of Nautilus Trust No. 1 Series 2008-1 (2011 Issue)...

Companies mentioned in this report are:
- Nautilus Trust No.1 Series 2008-1 (2011 Issue)

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
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.

- Nautilus Trust No.1 Series 2008-1 (2011 Issue)

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