Elizabeth Finance 2018?s Class A To E U.K. CMBS Notes Ratings Lowered - S&P Global Ratings’ Credit Research

Elizabeth Finance 2018?s Class A To E U.K. CMBS Notes Ratings Lowered

Elizabeth Finance 2018?s Class A To E U.K. CMBS Notes Ratings Lowered - S&P Global Ratings’ Credit Research
Elizabeth Finance 2018?s Class A To E U.K. CMBS Notes Ratings Lowered
Published Nov 24, 2020
5 pages (2433 words) — Published Nov 24, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

The performance of the remaining loan in Elizabeth Finance, the Maroon loan, continues to weaken. Following our review of the transaction, we have lowered our ratings on all classes of notes. Elizabeth Finance 2018 is a true sale CMBS transaction that closed in August 2018 and is currently backed by one loan secured by three shopping centers in the U.K. LONDON (S&P Global Ratings) Nov. 24, 2020--S&P Global Ratings today lowered its credit ratings on Elizabeth Finance 2018 DAC's class A to E notes. Today's downgrades follow additional declines in cash flows from the property portfolio backing the Maroon loan, which combined with a challenging environment for retail tenants, has further weakened the notes' credit metrics. Elizabeth Finance is a

  
Brief Excerpt:

...- The performance of the remaining loan in Elizabeth Finance, the Maroon loan, continues to weaken. - Following our review of the transaction, we have lowered our ratings on all classes of notes. - Elizabeth Finance 2018 is a true sale CMBS transaction that closed in August 2018 and is currently backed by one loan secured by three shopping centers in the U.K. LONDON (S&P Global Ratings) Nov. 24, 2020--S&P Global Ratings today lowered its credit ratings on Elizabeth Finance 2018 DAC's class A to E notes. Today's downgrades follow additional declines in cash flows from the property portfolio backing the Maroon loan, which combined with a challenging environment for retail tenants, has further weakened the notes' credit metrics....

  
Report Type:

Ratings Action

Issuer
Elizabeth Finance 2018 DAC
Sector
Structured Finance
Country
Ireland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

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. "Elizabeth Finance 2018?s Class A To E U.K. CMBS Notes Ratings Lowered" Nov 24, 2020. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Elizabeth-Finance-2018-s-Class-A-To-E-U-K-CMBS-Notes-Ratings-Lowered-2560304>
  
APA:
S&P Global Ratings’ Credit Research. (). Elizabeth Finance 2018?s Class A To E U.K. CMBS Notes Ratings Lowered Nov 24, 2020. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Elizabeth-Finance-2018-s-Class-A-To-E-U-K-CMBS-Notes-Ratings-Lowered-2560304>
  
US$ 150.00
$  £  €
Have a Question?

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

More Research

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