Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Sestante Finance S.r.l.

Class C1 And C2 Ratings Lowered In Italian RMBS Transaction Sestante Finance Series 2

Published Dec 31, 2010

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

OVERVIEW We have observed deterioration in the performance of the underlying mortgage loan portfolio and an increasing amount of unpaid PDL, driven by a higher-than-expected amount of default. As a result, we have lowered our ratings on Sestante series 2's class C1 and C2 notes. Our ratings on the class A and B notes remain unaffected. Sestante series 2 is a segregated RMBS transaction that securitizes a pool of residential mortgage loans originated in Italy by Meliorbanca. MILAN (Standard&Poor's) Dec. 31, 2010--Standard&Poor's Ratings Services today lowered and removed from CreditWatch negative its credit ratings on Sestante Finance S.r.l.'s class C1 and C2 notes series 2. Our ratings on the class A and B notes remain unaffected

Report Type:

Ratings Action

Issuer

Sestante Finance S.r.l.

Sector

Structured Finance

Country

Italy

Region

Europe, Middle East, Africa

Format:

HTML

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

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

All Ratings Affirmed On Sestante Finance's Series 1, 2, 3, And 4 Italian RMBS Notes – 2011/12/20 – US$ 150.00

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

Ratings Placed On CreditWatch Negative On Sestante's Series 2 Class C1 And C2 Notes – 2010/06/18 – US$ 150.00

Ratings Lowered In Sestante's Series 3 And 4 Italian RMBS Transactions; Series 2 Affirmed – 2009/08/26 – US$ 150.00

S&PCORRECT: Various Ratings In Sestante Finance's Series 2, 3, And 4 Placed On CreditWatch Negative – 2009/05/20 – US$ 150.00

Ratings Lowered On Sestante Finance's Class A And B Notes Series 5 – 2009/05/15 – US$ 150.00

More from S&P Global Ratings’ Credit Research

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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Class C1 And C2 Ratings Lowered In Italian RMBS Transaction Sestante Finance Series 2" Dec 31, 2010. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Class-C1-And-C2-Ratings-Lowered-In-Italian-RMBS-Transaction-Sestante-Finance-Series-2-841548>

APA:	S&P Global Ratings’ Credit Research. (). Class C1 And C2 Ratings Lowered In Italian RMBS Transaction Sestante Finance Series 2 Dec 31, 2010. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Class-C1-And-C2-Ratings-Lowered-In-Italian-RMBS-Transaction-Sestante-Finance-Series-2-841548>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.