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U.K. Prime RMBS Index Report Q3 2011: Performance Remains Resilient Nov 11 Product Image

U.K. Prime RMBS Index Report Q3 2011: Performance Remains Resilient Nov 11

  • Published: November 2011
  • Region: United Kingdom, Great Britain
  • Standard & Poors

FEATURED COMPANIES

  • Apulia Finance N. 4 S.r.l
  • Auburn Securities 4 PLC
  • BPV Mortgages S.r.l.
  • Cordusio RMBS 2 S.r.l.
  • Dali Capital PLC
  • First Flexible No. 6 PLC
  • MORE

Abstract
Performance indicators for the U.K. prime residential mortgage-backed securities (RMBS) that Standard & Poor's Ratings Services rates continued to improve marginally in the third quarter of 2011. Overall, performance remains stable among the transactions in our index. The assets backing U.K. prime RMBS have held up in the face of mounting economic problems. Unemployment has risen to 8.1%, and CPI inflation continues to outstrip wage inflation. We expect GDP growth to come under continued pressure and we are starting to see a firm trend of declining U.K. HPI. However, in our opinion, as long as unemployment does not begin to accelerate and the Bank of England continues its accommodative monetary policy, we expect the majority of prime RMBS assets to...

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 READ MORE >

- UniCredit Bank AG
- Bankinter 3 Fondo de Titulizacion Hipotecaria
- BPV Mortgages S.r.l.
- First Flexible No. 5 PLC
- AyT 11 Fondo de Titulizacion Hipotecaria
- Auburn Securities 3 PLC
- CR FIRENZE MUTUI S.r.l.
- Bankinter 5 Fondo de Titulizacion Hipotecaria
- Atlantes Mortgage No.1 PLC
- Bancaja 5 Fondo de Titulizacion de Activos
- Granite Mortgages 03-2 PLC
- AyT Genova Hipotecario II Fondo de Titulizacion Hipotecaria
- Apulia Finance N. 2 S.r.l.
- Granite Mortgages 03-3 PLC
- Bankinter 6 Fondo de Titulizacion de Activos
- AyT Genova Hipotecario III Fondo de Titulizacion Hipotecaria
- Byzantium Finance PLC
- Bancaja 6 Fondo de Titulizacion de Activos
- Atomium Mortgage Finance 2003-I B.V.
- First Flexible No. 6 PLC
- Granite Mortgages 04-1 PLC
- Bankinter 8 Fondo de Titulizacion de Activos
- Permanent Financing (No. 4) PLC
- Berica Residential MBS 1 S.r.l.
- AyT Genova Hipotecario IV Fondo de Titulizacion Hipotecaria
- Southern Pacific Financing 04-A PLC
- Granite Mortgages 04-2 PLC
- Lothian Mortgages (No. 3) PLC
- Bancaja 7 Fondo de Titulizacion de Activos
- Permanent Financing (No. 5) PLC
- Granite Mortgages 04-3 PLC
- Aire Valley Mortgages 2004-1 PLC
- Auburn Securities 4 PLC
- Apulia Mortgages Finance N. 3 S.r.l.
- Permanent Financing (No. 6) PLC
- Azor Mortgages PLC
- Berica 5 Residential MBS S.r.l.
- Amaren II Compartiment 2004-01
- Granite Master Issuer PLC
- Lothian Mortgages (No. 4) PLC
- Permanent Financing (No. 7) PLC
- Cordusio RMBS S.r.l.
- Aire Valley Mortgages 2005-1 PLC
- Credico Finance 4 S.r.l.
- AyT Genova Hipotecario VI Fondo de Titulizacion Hipotecaria
- Permanent Financing (No. 8) PLC
- Bankinter 10, Fondo de Titulizacion de Activos
- Claris Finance 2005 S.r.l.
- Auburn Securities 5 PLC
- Mound Financing (No. 4) PLC
- Dali Capital PLC
- Whinstone Capital Management Ltd.
- Celtic Residential Irish Mortgage Securitisation No. 9 PLC
- AyT Genova Hipotecario VII Fondo de Titulizacion Hipotecaria
- Graphite Mortgages PLC
- Asti Finance S.r.l.
- Bankinter 11 Fondo de Titulizacion Hipotecaria
- AyT Caja Murcia Hipotecario I, Fondo de Titulizacion de Activos
- Credico Finance 5 S.r.l.
- Berica 6 Residential MBS S.r.l.
- Permanent Financing (No. 9) PLC
- Lothian Mortgages Master Issuer PLC
- AyT Kutxa Hipotecario I, Fondo de Titulizacion de Activos
- AyT Genova Hipotecario VIII Fondo de Titulizacion Hipotecaria
- Mound Financing (No. 5) PLC
- BCC Mortgages PLC
- Credico Finance 6 S.r.l.
- Cassa Centrale Finance S.r.l.
- Cordusio RMBS 2 S.r.l.
- BPM Securitisation 2 S.r.l.
- Fastnet Securities 2 PLC
- AyT Hipotecario Mixto V, Fondo de Titulizacion de Activos
- Celtic Residential Irish Mortgage Securitisation No. 10 PLC
- Holmes Financing (No. 10) PLC
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- Aire Valley Mortgages 2006-1 PLC
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- Permanent Master Issuer PLC
- CAIXA PENEDES 1 TDA Fondo de Titulizacion de Activos
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- Fosse Master Issuer PLC
- Cordusio RMBS 3 - UBCasa 1 S.r.l.
- AyT Caja Murcia Hipotecario II Fondo de Titulizacion de Activos
- Beluga Master Issuer B.V.
- Holmes Master Issuer PLC
- Bankinter 13, Fondo de Titulizacion de Activos
- Celtic Residential Irish Mortgage Securitisation No. 11 PLC
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- Credico Finance 7 S.r.l.
- Apulia Finance N. 4 S.r.l
- Bancaja 10, Fondo de Titulizacion de Activos
- First Flexible (No. 7) PLC
- AyT Kutxa Hipotecario II
- Brunel Residential Mortgage Securitisation No. 1 PLC
- BBVA RMBS 2, Fondo de Titulizacion de Activos
- Pendeford Master Issuer PLC
- BP Mortgages S.r.l.
- Capital Mortgage S.r.l.
- Aire Valley Mortgages 2007-1 PLC
- Cordusio RMBS Securitisation S.r.l.
- Arran Residential Mortgages Funding No. 3 PLC
- Celtic Residential Irish Mortgage Securitisation No. 12 Ltd.
- Cassa Centrale Securitisation S.r.l.
- AyT CajaGranada Hipotecario I Fondo de Titulizacion de Activos
- AyT Genova Hipotecario X Fondo de Titulizacion Hipotecaria
- Bancaja 11, Fondo de Titulizacion de Activos
- Lanark Master Issuer PLC
- CAIXA PENEDES 2 TDA, Fondo de Titulizacion de Activos
- Eurosail PRIME-UK 2007-A PLC
- Aire Valley Mortgages 2007-2 PLC
- Arena 2007-I B.V.
- AyT Genova Hipotecario XI Fondo de Titulizacion Hipotecaria
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- Langton Securities (2008-2) PLC
- Candide Financing 2008 B.V.
- BBVA RMBS 5, Fondo de Titulizacion de Activos
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- Greenock Funding No. 2 PLC
- Aire Valley Mortgages 2008-1 PLC
- Silverstone Master Issuer PLC
- Deva Financing PLC
- Candide Financing 2008-2 B.V.
- Fastnet Securities 5 Ltd.
- Fastnet Securities 6 Ltd.
- Guercino Solutions S.r.l.
- Celtic Residential Irish Mortgage Securitisation No. 14 Ltd.
- Trinity Financing PLC
- AyT ICO-FTVPO Caja Murcia Fondo De Titulizacion de Activos
- AyT ICO-FTVPO III Fondo de Titulizacion de Activos
- Greenock Funding No. 5 PLC
- Celtic Residential Irish Mortgage Securitisation No. 15 Ltd.
- Arena 2009-I B.V.
- Celtic Residential Irish Mortgage Securitisation No. 16 Ltd.
- BBVA RMBS 9, Fondo de Titulizacion de Activos
- Citadel 2010-I B.V.
- Citadel 2010-II B.V.
- Langton Securities (2010-2) PLC
- AyT Goya Hipotecario III Fondo De Titulizacion De Activos
- AyT Colaterales Global Hipotecario FTA Caja Circulo I
- ARENA 2011-I B.V.
- Citadel 2011-I B.V.
- Byzantium II Finance PLC
- AyT Colaterales Global Hipotecario FTA Sa Nostra I
- BANCAJA - BVA VPO 1 FONDO DE TITULIZACION DE ACTIVOS
- AyT Colaterales Global Hipotecario FTA Caixa Laietana I
- Headingley RMBS 2011-1 plc
- AyT Caixa Sabadell Hipotecario I, FTA
- BSS Securitisation 1 S.r.l.

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