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Rating Assigned To Spanish RMBS Transaction AyT Celeris Hipotecario I's Class A Notes Dec 11 Product Image

Rating Assigned To Spanish RMBS Transaction AyT Celeris Hipotecario I's Class A Notes Dec 11

  • ID: 2032278
  • December 2011
  • Region: Spain
  • Standard & Poors

Abstract
OVERVIEW We have assigned a 'AA (sf)' rating to AyT Celeris Hipotecario I's class A notes. We based our rating on our analysis of the credit and cash flow characteristics of the underlying asset pool, as well as the counterparty and operational risks in the transaction. The transaction securitizes a pool of first-ranking residential mortgage loans originated by Celeris in Spain for debt consolidation purposes. MADRID (Standard & Poor's) Dec. 14, 2011--Standard & Poor's Ratings Services today assigned its 'AA (sf)' credit rating to AyT Celeris Hipotecario I, Fondo de Titulizaci-n de Activos' class A notes (see list below). The main features of the transaction are: Celeris Servicios Financieros, S.A. E.F.C. (Celeris) acts as collection account provider and servicer. Confederaci-n...

Companies mentioned in this report are: AyT Celeris Hipotecario I, Fondo de Titulizacion de Activos
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: 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.

AyT Celeris Hipotecario I, Fondo de Titulizacion de Activos

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