Aurorus 2020 B.V.: Pre-Sale  Aurorus 2020 B.V. to issue Dutch consumer loan receivables - Moody's Global Credit Research

Aurorus 2020 B.V.: Pre-Sale Aurorus 2020 B.V. to issue Dutch consumer loan receivables

Aurorus 2020 B.V.: Pre-Sale  Aurorus 2020 B.V. to issue Dutch consumer loan receivables - Moody's Global Credit Research
Aurorus 2020 B.V.: Pre-Sale Aurorus 2020 B.V. to issue Dutch consumer loan receivables
Published Jul 03, 2020
27 pages (10970 words) — Published Jul 03, 2020
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Aurorus 2020 is a 3.2 year revolving cash securitisation of unsecured consumer loan receivables originated by Qander Conusmer Finance (NR) to obligors located in the Netherlands. Our analysis focused, amongst other factors, on (i) an evaluation of the underlying portfolio of receivables; (ii) historical performance data on defaults and recoveries from Q1 2008 to Q4 2019 and from Q4 2007 to Q4 2019 respectively; (iii) the credit enhancement provided...

  
Report Type:

Pre-Sale Report

Issuer
Aurorus 2020 B.V.
Format:
PDF Adobe Acrobat
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Aurorus 2020 B.V. - Performance Overview – 2020/11/03 – US$ 750.00 – ... Sibi.Aravindh@moodys.com Bongani Dlamini, +33-1-5330-1074, Bongani.Dlamini@moodys.com Client Service Desk London: +4420-7772-5454, clientservices@moodys.com Monitoring Monitor.ABS@moodys.com...

Aurorus 2020 B.V. - Performance Overview – 2020/10/07 – US$ 750.00 – ...Class Bal as of % of Current % of Initial Current On Last Rating Last Rating Name Currency Closing (M) Total Bal (M) Total Rating Rating Indic. Watch Action Action Date...

Aurorus 2020 B.V.: New Issue Aurorus 2020 B.V. issues Dutch consumer loan receivables - New Issue Report – 2020/08/14 – US$ 250.00 – ...Aurorus 2020 is a 3 year revolving cash securitisation of unsecured consumer loan receivables originated by Qander Conusmer Finance (NR) to obligors located in the Netherlands. Our analysis focused, amongst other factors, on (i) an evaluation of the underlying portfolio of receivables; (ii) historical performance data on defaults and recoveries from Q1 2008 to Q1 2020 and from Q4 2007 to Q2 2020 respectively; (iii) the credit enhancement provided by subordination; (iv) the liquidity support available in the transaction by way of principal to pay interest, and (v) the legal and structural aspects of the transaction. Our cumulative default expectation for the asset pool is 7.0%, recovery rate is 15.0% and portfolio credit enhancement (PCE) is 25.0%. The mean default rate captures our expectations of performance considering the current economic outlook, while the PCE captures the loss we expect the portfolio to suffer in a severe recession scenario. Mean loss and PCE are parameters used by...

Moody's assigns definitive ratings to Consumer ABS Notes issued by Aurorus 2020 B.V. - Rating Action – 2020/08/14 – US$ 180.00 – ...ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

Moody's upgrades provisional ratings of Classes B, C, D, E and F Notes to be issued by Aurorus 2020 B.V. - Rating Action – 2020/08/12 – US$ 180.00 – ...ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

Moody's assigns provisional ratings to Consumer ABS Notes to be issued by Aurorus 2020 B.V. - Rating Action – 2020/07/03 – US$ 180.00 – ...ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

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MLA:
Moody's Global Credit Research. "Aurorus 2020 B.V.: Pre-Sale Aurorus 2020 B.V. to issue Dutch consumer loan receivables" Jul 03, 2020. Alacra Store. Jun 24, 2024. <http://www.alacrastore.com/moodys-credit-research/Aurorus-2020-B-V-Pre-Sale-Aurorus-2020-B-V-to-issue-Dutch-consumer-loan-receivables-PBS_1232076>
  
APA:
Moody's Global Credit Research. (). Aurorus 2020 B.V.: Pre-Sale Aurorus 2020 B.V. to issue Dutch consumer loan receivables Jul 03, 2020. New York, NY: Alacra Store. Retrieved Jun 24, 2024 from <http://www.alacrastore.com/moodys-credit-research/Aurorus-2020-B-V-Pre-Sale-Aurorus-2020-B-V-to-issue-Dutch-consumer-loan-receivables-PBS_1232076>
  
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