London Wall Mortgage Capital PLC's Series Fleet 2021-01 Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

London Wall Mortgage Capital PLC's Series Fleet 2021-01 Assigned Preliminary Ratings

London Wall Mortgage Capital PLC's Series Fleet 2021-01 Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
London Wall Mortgage Capital PLC's Series Fleet 2021-01 Assigned Preliminary Ratings
Published Apr 30, 2021
4 pages (1797 words) — Published Apr 30, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have assigned our credit ratings to London Wall Mortgage Capital PLC's Series Fleet 2021-01 notes. This is an RMBS transaction that securitizes a portfolio of buy-to-let (BTL) mortgage loans secured on properties in England and Wales. LONDON (S&P Global Ratings) April 30, 2021--S&P Global Ratings today assigned credit ratings to London Wall Mortgage Capital PLC's Series Fleet 2021-01 notes. London Wall Mortgage Capital PLC's Series Fleet 2021-01 is an RMBS transaction that securitizes a portfolio of buy-to-let (BTL) mortgage loans secured on properties in England and Wales. This transaction is the fourth securitization under the London Wall Mortgage Capital PLC program. The loans in the pool were originated between 2017 and 2021 by Fleet Mortgages Ltd., a nonbank specialist

  
Brief Excerpt:

...- We have assigned our credit ratings to London Wall Mortgage Capital PLC's Series Fleet 2021-01 notes. - This is an RMBS transaction that securitizes a portfolio of buy-to-let (BTL) mortgage loans secured on properties in England and Wales. LONDON (S&P Global Ratings) April 30, 2021--S&P Global Ratings today assigned credit ratings to London Wall Mortgage Capital PLC's Series Fleet 2021-01 notes. London Wall Mortgage Capital PLC's Series Fleet 2021-01 is an RMBS transaction that securitizes a portfolio of buy-to-let (BTL) mortgage loans secured on properties in England and Wales. This transaction is the fourth securitization under the London Wall Mortgage Capital PLC program. The loans in the pool were originated between 2017 and 2021 by Fleet Mortgages Ltd., a nonbank specialist BTL lender. We consider the collateral to be prime based on the overall historical performance of Fleet Mortgages' BTL mortgage book, the conservative underwriting criteria, and the absence of loans in...

  
Report Type:

Ratings Action

Issuer
London Wall Mortgage Capital PLC
Sector
Structured Finance
Country
United Kingdom
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "London Wall Mortgage Capital PLC's Series Fleet 2021-01 Assigned Preliminary Ratings" Apr 30, 2021. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/London-Wall-Mortgage-Capital-PLC-s-Series-Fleet-2021-01-Assigned-Preliminary-Ratings-2638732>
  
APA:
S&P Global Ratings’ Credit Research. (). London Wall Mortgage Capital PLC's Series Fleet 2021-01 Assigned Preliminary Ratings Apr 30, 2021. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/London-Wall-Mortgage-Capital-PLC-s-Series-Fleet-2021-01-Assigned-Preliminary-Ratings-2638732>
  
US$ 150.00
$  £  €
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