Portuguese RMBS Index Report Q1 2012: Increased Country Risk Reflected In Declining Performance Of Portuguese RMBS Transactions May 12
- Language: English
- Published: May 2012
- Region: Portugal
OVERVIEW Today's rating actions follow our credit and cash flow analysis. Deleveraging in the transaction has led to a significant increase in credit enhancement for the class A notes, and we have subsequently affirmed our rating on the class A notes. The class A notes are capped at 'AA- (sf)' due to Portuguese sovereign risk. We have affirmed our rating on the class B notes due to the continued strong protection provided by the guarantee from the European Investment Fund to class B noteholders. AR Finance 1 securitizes loans originated by Banco Invest. LONDON (Standard & Poor's) Sept. 23, 2011--Standard & Poor's Ratings Services today affirmed its credit ratings on AR Finance 1 PLC's class A and B notes (see...
Companies mentioned in this report are: AR Finance 1 PLC
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AR Finance 1 PLC