| Title: | Final Ratings Assigned To SMHL Private Placement Trust 2008-1 |
| Price: | $100.00 |
| Publication Date: | May 07, 2008 |
| Report Type: | News |
| Abstract: | MELBOURNE (Standard&Poor's) May 8, 2008--Standard&Poor's Ratings Services today assigned final ratings to the residential mortgage-backed securities (RMBS) issued by Perpetual Ltd. as trustee for SMHL Private Placement Trust 2008-1 (SMHL PP 2008-1). The transaction consists of two classes of bonds backed by prime Australian residential mortgage loans (see list). "A notable strength in this transaction is the high level of credit support provided by the Class B bonds," said Standard&Poor's credit analyst Jackson Chan. "Assuming the portfolio of loans performs within expectations, the credit support provided is sufficient to ensure that the rating on the SMHL PP 2008-1 Class A bonds is independent of the ratings on the lenders' mortgage insurers as at the |
| Brief Excerpt: | RESEARCH Ratings Definitions Final Ratings Assigned To SMHL Private Placement Trust ####-# Publication date: ##-May-#### Primary Credit Analyst: Jackson Chan, Melbourne (##) # #### ####; jackson_chan@standardandpoors.com Secondary... |
| Word Count: | 553 |
| Issuer: | SMHL Private Placement Trust 2008-1 |
| Sector: | Structured Finance, Residential MBS |
| Country: | Australia |
| Region: | Pacific |
| Format: | 
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