Centro delle Alpi SME S.r.l. Italian SME ABS Notes Assigned Ratings

Centro delle Alpi SME S.r.l. securitizes a pool of unsecured and secured loans that the originators granted to Italian SMEs. We assigned ratings to the class A1, A2, A3, A4, and M deferrable notes. The issuer also issued unrated class J notes. The issuer is a segregated multi-issuance SPE. This transaction securitizes loans to SMEs originated by Banca Popolare di Sondrio S.p.A. PARIS (S&P Global Ratings) June 16, 2023--S&P Global Ratings today assigned credit ratings to Centro delle Alpi SME S.r.l.'s class A1, A2, A3, A4, and M-Dfrd notes. The issuer also issued unrated class J notes (see list). The transaction is a securitization of a pool of unsecured and secured loans that the originators granted to Italian small and

...- Centro delle Alpi SME S.r.l. securitizes a pool of unsecured and secured loans that the originators granted to Italian SMEs. - We assigned ratings to the class A1, A2, A3, A4, and M deferrable notes. The issuer also issued unrated class J notes. - The issuer is a segregated multi-issuance SPE. This transaction securitizes loans to SMEs originated by Banca Popolare di Sondrio S.p.A. PARIS (S&P Global Ratings) June 16, 2023--S&P Global Ratings today assigned credit ratings to Centro delle Alpi SME S.r.l.'s class A1, A2, A3, A4, and M-Dfrd notes. The issuer also issued unrated class J notes (see list). The transaction is a securitization of a pool of unsecured and secured loans that the originators granted to Italian small and midsize enterprises (SMEs). The issuer is a segregated multi-issuance special-purpose entity (SPE), incorporated as a limited-liability company in Italy under article 3 of Law 130. Its only purpose is to perform securitization transactions. This is the first securitization...

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