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Ratings Assigned In Spanish ABS Of SMEs Transaction MADRID FTPYME II Dec 11 Product Image

Ratings Assigned In Spanish ABS Of SMEs Transaction MADRID FTPYME II Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
OVERVIEW We have assigned 'AAA (sf)' ratings to MADRID FTPYME II's class A1 and A2(G) notes. We based our ratings 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 mainly unsecured loans originated by Caja Madrid (now Bankia) and granted to self-employed, micro, small, medium, and large companies located in Spain. MADRID (Standard & Poor's) Dec. 27, 2011--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' credit ratings to MADRID FTPYME II, Fondo de Titulizaci-n de Activos' class A1 and A2(G) notes (see list below). The main features of the transaction are: Caja de Ahorros y...

Companies mentioned in this report are: MADRID FTPYME II, 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 READ MORE >

MADRID FTPYME II, Fondo de Titulizacion de Activos

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