New Issue: AyT Génova Hipotecario IX Fondo de Titulización Hipotecaria Jan 07

Standard & Poors, January 2007

Abstract
Standard & Poor's Ratings Services has assigned credit ratings to the €1 billion mortgage-backed floating-rate notes issued by AyT Génova Hipotecario IX Fondo de Titulización Hipotecaria, an SPE. The issuer is a fund whose only purposes are to purchase the collateral from Barclays Bank S.A., issue the notes, and carry on related activities. The issuer holds a distinct and closed pool of assets available for distribution to the noteholders. The assets are insulated from the insolvency of the originator and the trustee. The originator of this transaction is Barclays Bank S.A., a subsidiary of Barclays Bank PLC. Barclays Bank S.A. maintains a position in all sectors of Spanish banking. The mortgage loans representing the collateral of the transaction are mortgage...

Companies mentioned in this report are:
- AyT Genova Hipotecario IX Fondo de Titulizacion Hipotecaria
- Barclays Bank PLC

Action: New 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: Full Analysis

- AyT Genova Hipotecario IX Fondo de Titulizacion Hipotecaria
- Barclays Bank PLC

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