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New Issue: Candide Financing 2012-1 B.V. Jun 12
Standard & Poors, June 2012
Standard & Poor's Ratings Services has assigned its credit ratings to the -1,196 million residential mortgage-backed securities (RMBS) notes that Candide Financing 2012-1 B.V. issued. At closing, Candide Financing 2012-1 also issued -62.56 million unrated notes. Candide Financing 2012-1 is a special-purpose entity (SPE) organized under the law of the Netherlands to carry out this securitization transaction. Candide issued the notes to fund part of the purchase price of a performing portfolio of first-ranking, or first- and sequentially lower-ranking mortgage loans secured over residential properties in the Netherlands, originated by the Amsterdam branch of Bank of Scotland PLC (BoS NL). BoS NL was established in 1999 to originate residential mortgage loans in the Dutch market. Bank of Scotland has been...
Companies mentioned in this report are: Candide Financing 2012-1 B.V.,Bank of Scotland PLC
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
Candide Financing 2012-1 B.V.,Bank of Scotland PLC