Spanish RMBS Index Report Q1 2012: Country Risk Is Likely To Drive Downgrades While Mortgage Arrears Are Rising May 12
- Language: English
- Published: May 2012
- Region: Spain
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
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Research type: News
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AyT Celeris Hipotecario I, Fondo de Titulizacion de Activos