...- We affirmed our ratings on Sixteenth Mortgage-Backed Notes Trust's series A, B, and C notes and La Hipotecaria Panamanian Mortgage Trust's series 2021-1 certificates. - Following the downgrade of our long-term foreign currency sovereign credit rating on Panama to '###-' from '###' on Nov. 26, 2024, we tested the transactions under our sovereign default stress scenario and concluded that they were consistent with our tolerances, allowing the ratings on the series A notes and the series 2021-1 certificates to be above our sovereign rating on Panama. - The rating actions reflect our view that each series' credit enhancement is sufficient to withstand stress scenarios consistent with our current ratings. MEXICO CITY (S&P Global Ratings) Dec. 10, 2024--S&P Global Ratings today affirmed its long-term ratings on Sixteenth Mortgage-Backed Notes Trust's series A, B, and C notes and La Hipotecaria Panamanian Mortgage Trust's series 2021-1 certificates. Sixteenth Mortgage-Backed Notes Trust is a...
