...- We reviewed Civitas SPV's series 2017-1 following the master amendment agreement's revision of principal and interest repayments on the mezzanine notes, which become pari passu and pro rata with the senior notes. In addition, class B current spread was lowered on the mezzanine notes from 150 bps to 50 bps. The changes will be applied the day after the Oct. 28, 2022 payment date. - Following our review, we raised our rating on the class B notes and affirmed our ratings on the class A notes. - Civitas SPV's series 2017-1 securitizes a pool of Italian residential mortgages that Banca di Cividale S.p.A. granted to individuals, small entrepreneurs, and artisans. MILAN (S&P Global Ratings) Oct. 14, 2022--S&P Global Ratings today raised to '## (sf)' from 'A+ (sf)' its credit rating on Civitas SPV S.r.l.series 2017-1's class B notes. At the same time, we affirmed our '## (sf)' ratings on the class A notes. Today's rating actions reflect our full analysis of the most recent information we received...
