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All Ratings Affirmed On Sestante Finance's Series 1, 2, 3, And 4 Italian RMBS Notes

Published Dec 20, 2011

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Abstract:

OVERVIEW We have reviewed the performance of the underlying portfolios for Sestante Finance's series 1, 2, 3, and 4, which has been stable since H1 2011. We have therefore affirmed our ratings on all classes of notes in these four transactions. Sestante Finance's series 1, 2, 3, and 4 are Italian RMBS transactions backed by pools of residential mortgage loans that Meliorbanca originated in Italy. MILAN (Standard&Poor's) Dec. 20, 2011--Standard&Poor's Ratings Services today affirmed its credit ratings on all classes of notes in Sestante Finance S.r.l.'s series 1, 2, 3, and 4 (see list below). Today's rating actions follow our analysis, which took into account updated credit amounts and the structural mechanisms providing enhancement in these

Report Type:

Ratings Action

Issuer

Sestante Finance S.r.l.

Sector

Structured Finance

Country

Italy

Region

Europe, Middle East, Africa

Format:

HTML

Ratings In Sestante Finance's Series 1, 2, 3, And 4 Italian RMBS Transactions Placed On CreditWatch Negative – 2013/02/21 – US$ 150.00

Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons – 2013/03/22 – US$ 150.00

Ratings Lowered On Italian RMBS Sestante Finance Series 4's Class B, C1, And C2 Notes For Performance Reasons – 2013/03/22 – US$ 150.00

Various Rating Actions Taken In Sestante Finance's Series 1, 2, 3, And 4 Italian RMBS Transactions – 2013/06/13 – US$ 150.00

Various Rating Actions Taken In Italian RMBS Transaction Sestante Finance's Series 2 Following Review – 2013/08/12 – US$ 150.00

Ratings Lowered On Italian RMBS Sestante Finance's Series 3 And 4 Following Performance Deterioration – 2011/06/09 – US$ 150.00

Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed – 2011/04/12 – US$ 150.00

Rating Lowered On Italian RMBS Deal Sestante Finance's Series 5 Class B Notes – 2011/03/09 – US$ 150.00

Class C1 And C2 Ratings Lowered In Italian RMBS Transaction Sestante Finance Series 2 – 2010/12/31 – US$ 150.00

Class B Rating Lowered And Placed On CreditWatch Negative In Italian RMBS Deal Sestante Series 5 – 2010/11/11 – US$ 150.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "All Ratings Affirmed On Sestante Finance's Series 1, 2, 3, And 4 Italian RMBS Notes" Dec 20, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/All-Ratings-Affirmed-On-Sestante-Finance-s-Series-1-2-3-And-4-Italian-RMBS-Notes-923193>

APA:	S&P Global Ratings’ Credit Research. (). All Ratings Affirmed On Sestante Finance's Series 1, 2, 3, And 4 Italian RMBS Notes Dec 20, 2011. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/All-Ratings-Affirmed-On-Sestante-Finance-s-Series-1-2-3-And-4-Italian-RMBS-Notes-923193>

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