The French Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: October 2011
- Region: France
Standard & Poor's Ratings Services has assigned a 'AAA (sf)' credit rating to FCT BS CDN PPI's (BS CDN PPI) up to -1,438.7 million mortgage-backed floating-rate class A notes. At the same time, BS CDN PPI issued -300 unrated class R residual units. This transaction has transferred to investors the credit risk on a portfolio of prime residential loans originated by Cr-dit du Nord to individuals or "soci-t- civile immobili-res" (companies constituted for property ownership and management) to finance real estate and home improvements in France. This transaction is similar to FCT R&B BDDF PPI's transaction structure. Similar to R&B BDDF PPI's structure, BS CDN PPI has used the note issuance proceeds to fund the purchase of a loan from...
Companies mentioned in this report are: FCT BS CDN PPI
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: Full Analysis
SHOW LESS READ MORE >
FCT BS CDN PPI