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S&P Credit Research1099 word report
published Nov 08, 2009
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S&P Credit Research
| Abstract: | OVERVIEW SMHL Securitisation Fund 2009-3 is a securitization of prime residential mortgages originated by Members Equity Bank Pty Ltd. We have assigned preliminary ratings to the four classes of notes to be issued by Perpetual Ltd. as trustee for SMHL Securitisation Fund 2009-3. The preliminary ratings reflect our opinion of the transaction's credit support, collateral pool, servicer, and other features based on our current criteria and assumptions. MELBOURNE (Standard&Poor's) Nov. 9, 2009--Standard&Poor's Ratings Services today assigned its preliminary ratings to the four classes of prime residential mortgage-backed securities (RMBS) to be issued by Perpetual Trustee Ltd. as trustee for SMHL Securitisation Fund 2009-3. This will be the third issue of securitized mortgage loans originated through Members
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| Brief Excerpt: | RESEARCH Ratings Definitions Preliminary Ratings Assigned To SMHL Securitisation Fund 2009-3 RMBS Publication date: 08-Nov-2009 Primary Credit Analyst: Camille Diafas, Melbourne (61) 3-9631-2096; camille_diafas@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | SMHL Securitisation Fund 2009-3
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| Sector: | Global Issuers, Structured Finance
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| Country: | Australia
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| Region: | Pacific
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
