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S&P's Ratings List For Structured Finance Transactions Following The Downgrade Of 10 Spanish Banks - Oct. 24, 2011 Oct 11 Product Image

S&P's Ratings List For Structured Finance Transactions Following The Downgrade Of 10 Spanish Banks - Oct. 24, 2011 Oct 11

  • Published: October 2011
  • Region: Spain
  • Standard & Poors

FEATURED COMPANIES

  • AR Finance 1 PLC
  • Banco BPI S.A.
  • CID Finance B.V.
  • HipoTotta No. 1 PLC
  • HipoTotta No. 5 PLC
  • LTR Finance No. 6 PLC
  • MORE

Abstract
Standard & Poor's Ratings Services today lowered its credit ratings on 28 securitization tranches in 26 European structured finance transactions, following the downgrade, on Oct. 11, of 10 Spanish banks, which act as counterparties in these transactions (see "Spain's Slowing Economy And Depressed Real Estate Market Prompt Negative Rating Actions On 15 Spanish Banks," published on Oct. 11, 2011). Specifically, we have lowered our ratings on: 21 tranches in 21 structured credit transactions; Five tranches in three residential mortgage-backed securities (RMBS) transactions; and Two tranches in two asset-backed securities (ABS) transactions. The tables below provide the transaction names, series, and ratings for affected tranches. For the related media release, see "Ratings Lowered On 28 Tranches In 26 European Structured Finance...

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, READ MORE >

- Banco BPI S.A.
- Magellan Mortgages No. 1 PLC
- Navigator Mortgage Finance No.1 PLC
- Lusitano Mortgages No. 1 PLC
- Atlantes Mortgage No.1 PLC
- HipoTotta No. 1 PLC
- Pelican Mortgages No. 2 PLC
- Lusitano Mortgages No. 2 PLC
- Magellan Mortgages No. 2 PLC
- Nostrum Mortgages 2003-1 PLC
- AR Finance 1 PLC
- dbInvestor Solutions PLC
- SAGRES Sociedade de Titularizacao de Creditos, S.A.
- BMORE Finance No. 4 PLC
- Lusitano Mortgages No. 3 PLC
- Azor Mortgages PLC
- Banco Santander Totta S.A.
- CID Finance B.V.
- Magellan Mortgages No. 3 PLC
- Lusitano Mortgages No. 4 PLC
- BBVA Consumo 1 Fondo de Titulizacion de Activos
- Magellan Mortgages No. 4 PLC
- Lusitano Mortgages No. 5 PLC
- Lusitano SME No. 1 PLC
- BBVA Consumo 2 Fondo de Titulizacion de Activos
- HipoTotta No. 4 PLC
- BBVA RMBS 2, Fondo de Titulizacion de Activos
- Lusitano Mortgages No. 6 Ltd.
- NOVA Finance No. 4 Ltd.
- GAMMA Sociedade de Titularizacao de Creditos, S.A.
- Lusitano Mortgages No. 7 Ltd.
- Leasetotta No.1 Ltd.
- TDA IBERCAJA ICO-FTVPO, Fondo de Titulizacion Hipotecaria
- AyT ICO-FTVPO III Fondo de Titulizacion de Activos
- Tagus Leasing No. 1 Ltd.
- Silk Finance No.3 Ltd.
- TAGUS - Sociedade de Titularizacao de Creditos, S.A.
- LTR Finance No. 6 PLC
- HipoTotta No. 5 PLC

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