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Rating Affirmed And Withdrawn On Belgian RMBS Transaction Royal Street 2's Class A Notes At The Issuer's Request Jan 12 Product Image

Rating Affirmed And Withdrawn On Belgian RMBS Transaction Royal Street 2's Class A Notes At The Issuer's Request Jan 12

  • ID: 2044421
  • January 2012
  • Region: Belgium
  • Standard & Poors

Abstract
OVERVIEW Performance since closing in November 2010 has remained stable. We have affirmed our 'AAA (sf)' rating on the class A notes. We have subsequently withdrawn our rating in Royal Street NV-SA compartment Royal Street-2, at the issuer's request. LONDON (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services today affirmed its 'AAA (sf)' credit rating on Royal Street NV-SA compartment Royal Street-2's class A notes. We have subsequently withdrawn our rating on the class A notes, at the issuer's request. Prior to our withdrawal of a rating, we review the rating on the relevant notes. Our analysis of the collateral indicates stable arrears and low levels of defaults. The reserve fund remains fully funded and has never been...

Companies mentioned in this report are: Royal Street NV-SA compartment Royal Street-2
Action: Affirmed
Action: Withdrawn

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.

Royal Street NV-SA compartment Royal Street-2

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