Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 Ratings Raised On Five Note Classes - S&P Global Ratings’ Credit Research

Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 Ratings Raised On Five Note Classes

Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 Ratings Raised On Five Note Classes - S&P Global Ratings’ Credit Research
Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 Ratings Raised On Five Note Classes
Published Sep 21, 2023
4 pages (1777 words) — Published Sep 21, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (S&P Global Ratings) Sept. 22, 2023--S&P Global Ratings today raised its ratings on five classes of notes issued by Perpetual Trustee Co. Ltd. as trustee for Mortgage House Capital Mortgage Trust No.1 in respect of the Mortgage House RMBS Series 2021-2. At the same time, we affirmed our ratings on three classes of notes (see list). The rating actions reflect our view of the credit risk of the underlying collateral portfolio. The asset pool has continued to amortize and has a pool factor of around 33.6% as of Aug. 31, 2023. Loans more than 30 days in arrears make up 1.70% of the current balance and there have been no losses to date. Furthermore, the portfolio has strengthened, with

  
Brief Excerpt:

...AUSTRALIA S&P Global Ratings Australia Pty Ltd holds Australian financial services license number 337565 under the Corporations Act 2001. S&P Global Ratings' credit ratings and related research are not intended for and must not be distributed to any person in Australia other than a wholesale client (as defined in Chapter 7 of the Corporations Act)....

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Pacific
Format:
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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. "Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 Ratings Raised On Five Note Classes" Sep 21, 2023. Alacra Store. Dec 02, 2023. <http://www.alacrastore.com/s-and-p-credit-research/Mortgage-House-Capital-Mortgage-Trust-No-1-Mortgage-House-RMBS-Series-2021-2-Ratings-Raised-On-Five-Note-Classes-3058854>
  
APA:
S&P Global Ratings’ Credit Research. (). Mortgage House Capital Mortgage Trust No.1 - Mortgage House RMBS Series 2021-2 Ratings Raised On Five Note Classes Sep 21, 2023. New York, NY: Alacra Store. Retrieved Dec 02, 2023 from <http://www.alacrastore.com/s-and-p-credit-research/Mortgage-House-Capital-Mortgage-Trust-No-1-Mortgage-House-RMBS-Series-2021-2-Ratings-Raised-On-Five-Note-Classes-3058854>
  
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