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Ratings Affirmed On 25 Classes Of RMBS Notes Issued By Liberty Funding Pty Ltd.; 10 Removed From CreditWatch Positive Feb 13 Product Image

Ratings Affirmed On 25 Classes Of RMBS Notes Issued By Liberty Funding Pty Ltd.; 10 Removed From CreditWatch Positive Feb 13

  • ID: 2403481
  • February 2013
  • Standard & Poors

Abstract
OVERVIEW We have affirmed our ratings on 25 classes of notes issued by four trusts under the Liberty Funding Pty Ltd. program. Ten ratings were also removed from CreditWatch with positive implications. Each of the transactions has had a build up of credit support to the senior notes and continues to withstand stresses at its current rating level. There have been no charge offs to notes across the four transactions, though there has been during the past 12 months a general increase in the level of loans in arrears exceeding 90 days. MELBOURNE (Standard & Poor's) Feb. 12, 2013--Standard & Poor's Ratings Services today affirmed its ratings on 25 classes of notes issued by four trusts under the Liberty Funding...

Companies mentioned in this report are:
- Liberty PRIME Series 2010-1
- Liberty PRIME Series 2011-1

Action: Affirmed
Action: Removed From CreditWatch

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.

- Liberty PRIME Series 2010-1
- Liberty PRIME Series 2011-1

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