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New Issue: AyT Celeris Hipotecario I, Fondo de Titulizacion de Activos Jan 12 Product Image

New Issue: AyT Celeris Hipotecario I, Fondo de Titulizacion de Activos Jan 12

  • Published: January 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its ' AA (sf)' credit rating to AyT Celeris Hipotecario I, Fondo de Titulizaci-n de Activos' -73.8 million class A notes. At the same time, AyT Celeris Hipotecario I issued an unrated loan B of -16.2 million. This is the first residential mortgage-backed securities (RMBS) securitization performed by Celeris Servicios Financieros, S.A., E.F.C. (Celeris). The main characteristic of the loans Celeris has securitized in this transaction is that the loan purpose is debt consolidation, and not just the purchase of a residential property. The structure is similar to IM Unnim RMBS 1, which we rated in July 2011, as it has class A notes and a loan B, and has no swap-leaving the...

Companies mentioned in this report are: AyT Celeris Hipotecario I, 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 underlying READ MORE >

AyT Celeris Hipotecario I, Fondo de Titulizacion de Activos

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