MELBOURNE (S&P Global Ratings) Aug. 17, 2021--S&P Global Ratings today assigned its preliminary ratings to eight classes of prime residential mortgage-backed securities (RMBS) to be issued by Perpetual Trustee Co. Ltd. as trustee for Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 (see list). Mortgage House RMBS Series 2021-2 is a securitization of residential mortgages originated by Mortgage House of Australia Pty Ltd. The preliminary ratings reflect: Our view of the credit risk of the underlying collateral portfolio, including our view that the credit support provided to each class of notes is commensurate with the ratings assigned. Credit support for the rated notes comprises note subordination, lenders' mortgage insurance (LMI) on 6.2% of the loans in
