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Various Rating Actions Taken In Spanish RMBS Transactions UCI 12 And 14 Jan 12 Product Image

Various Rating Actions Taken In Spanish RMBS Transactions UCI 12 And 14 Jan 12

  • ID: 2042036
  • January 2012
  • Region: Spain
  • Standard & Poors

Abstract
OVERVIEW In our opinion, a significant number of loans in UCI 12 and UCI 14's portfolios are currently in payment arrangements and are more at risk of falling into arrears than loans that have never been in arrangements. In May 2011, we placed or kept on CreditWatch negative our ratings on the most highly-rated tranches in UCI 12 and UCI 14 for credit reasons. Following our analysis of the most recent available data, we have taken various rating actions in both transactions. UCI originated and currently services the residential mortgage loans backing these transactions. MADRID (Standard & Poor's) Jan. 11, 2012--Standard & Poor's Ratings Services today took various credit rating actions in Spanish residential mortgage-backed securities (RMBS) transactions Fondo de...

Companies mentioned in this report are:
- Fondo de Titulizacion Hipotecaria UCI 12
- Fondo de Titulizacion de Activos UCI 14

Action: Affirmed
Action: CreditWatch Update
Action: Downgraded

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.

- Fondo de Titulizacion Hipotecaria UCI 12
- Fondo de Titulizacion de Activos UCI 14

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