Report title: Banco Santander Totta SA - Obrigações Hipotecárias
from Fitch Research
3 page (1485 word) report published Oct 19, 2009

Price $165.00 available for immediate download
Report Overview
 
Search Inside
 
About Fitch Research

...The `AAA' rating of Banco Santander Totta SA's (BST or the issuer, rated `AA'/Outlook Stable/`F1+') outstanding Obrigat)es Hipotecßrias (OH) programme is based on: (i) BST's LongTerm Issuer Default Rating (IDR) of `AA'; (ii) a Discontinuity Factor (DFactor) of 14.9%, assigned to the BST programme; and (iii) the overcollateralisation (OC) between the cover pool and the OH, which compensates for credit and market risks in a `AAA' scenario. The combination of these three elements enables the covered bonds to be rated `AAA' on a probability of default basis....

Report Type: Credit Update
Company(ies): Banco Santander Totta SA
Issuer: Banco Santander Totta SA
Free Sample: Click Here to Download
Format:
PDF Adobe Acrobat


Enter the keyword(s) which you would like to search for within this document and click "Search"  


Price: $165.00



  Can't Decide?

Purchasing premium research sight unseen can be intimidating. At Alacra we want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.