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BBVA Banco Continental RMBS (Peru) 'BBB- (sf)' Rating Affirmed And Placed On CreditWatch Positive Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW BBVA Banco Continental RMBS (Peru) is a securitization of U.S. dollar-denominated mortgages that Banco Continental S.A. (Peru) issued in 2007 (the underlying pool). We affirmed the 'BBB- (sf)' rating on the transaction and placed it in CreditWatch positive. The rating actions are based primarily on Peru's improved macroeconomic conditions and the underlying pool's positive performance. BUENOS AIRES (Standard & Poor's) Jan. 9, 2012--Standard & Poor's Ratings Services today affirmed its 'BBB- (sf)' rating on BBVA Banco Continental RMBS (Peru) and placed the rating on CreditWatch with positive implications. BBVA Banco Continental RMBS (Peru) is a Peruvian residential mortgage-backed securities transaction backed by US$23.75 million senior fixed-rate notes that Banco Continental S.A. (Peru) issued in 2007 (the underlying pool). The...
Companies mentioned in this report are: BBVA Banco Continental RMBS (Peru)
Action: Affirmed
Action: On CreditWatch:Positive
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.
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