|
|
 |
|
Viewing report
|
|
|
|
Rating Raised On Class B1 Notes In U.K. RMBS Deal Marble Arch Residential Securitisation No. 3; Other Ratings Affirmed Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW Credit enhancement has increased as the transaction has deleveraged. The reserve fund is fully funded, and excess spread has been reported for each payment date since closing. We have thus raised our rating on the class B1 notes and affirmed our ratings on all other classes. Marble Arch Residential Securitisation No. 3 is a U.K. nonconforming RMBS transaction securitizing mortgages originated by Matlock Bank. These ratings are based on our criteria for rating U.K. RMBS. However, these criteria are under review. As a result of this review, our future U.K. RMBS criteria may differ from our current criteria. The criteria change may affect the ratings on all outstanding notes in this transaction. LONDON (Standard & Poor's) Nov. 22, 2011--Standard...
Companies mentioned in this report are: Marble Arch Residential Securitisation No. 3 Ltd.
Action: Affirmed
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.
|
|
|
|
