Rating Raised On Spanish RMBS Transaction IM BANKOA MBS 1's Class A Notes For Counterparty Reasons Sep 11
Standard & Poors, September 2011
Abstract
OVERVIEW In July 2011, we lowered our rating on IM BANKOA MBS 1's class A notes for counterparty reasons. Since then, we have received evidence of amendments to the swap agreements, which we consider to be consistent with our 2010 counterparty criteria. As the rating is no longer constrained by our counterparty criteria, we have raised our rating on the class A notes. IM BANKOA MBS 1 is a Spanish RMBS transaction originated by Bankoa. MADRID (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services today raised its credit rating on IM BANKOA MBS 1, Fondo de Titulizaci-n de Activos' class A notes. Our ratings on the class B and C notes remain unchanged (see list below). Today's rating...
Companies mentioned in this report are: IM BANKOA MBS 1, FONDO DE TITULIZACION DE ACTIVOS
Action: Upgraded
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.
IM BANKOA MBS 1, FONDO DE TITULIZACION DE ACTIVOS
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