New Issue: AyT CajaGranada Hipotecario I Fondo de Titulización de Activos

Standard&Poor's Ratings Services has assigned credit ratings to the €400 million floating-rate notes issued by AyT CajaGranada Hipotecario I Fondo de Titulización de Activos. The originator of this transaction is Caja de Ahorros de Granada (CAJA GRANADA), a savings bank in Granada in the south of Spain. CAJA GRANADA focuses on low-risk residential mortgage lending to individuals and SMEs. The profile of CAJA GRANADA is driven by the bank's low-risk business and sound financial position, plus its dominant position in its traditional markets of Granada, Málaga, and Almería. CAJA GRANADA's business remains concentrated in these regions, despite the bank's expansion strategy. In this transaction, CAJA GRANADA securitized part of its growing residential mortgage-lending book. The loans, mainly originated

...Standard & Poor's Ratings Services has assigned credit ratings to the 400 million floating-rate notes issued by AyT CajaGranada Hipotecario I Fondo de Titulizaci=n de Activos. The originator of this transaction is Caja de Ahorros de Granada (CAJA GRANADA), a savings bank in Granada in the south of Spain. CAJA GRANADA focuses on low-risk residential mortgage lending to individuals and SMEs. The profile of CAJA GRANADA is driven by the bank's low-risk business and sound financial position, plus its dominant position in its traditional markets of Granada, Mßlaga, and Almerfa. CAJA GRANADA's business remains concentrated in these regions, despite the bank's expansion strategy. In this transaction, CAJA GRANADA securitized part of its growing residential mortgage-lending book. The loans, mainly originated in Andalucia, Catalonia, and Madrid, represent first-ranking securities. AyT CajaGranada Hipotecario I is a mortgage securitization fund. It was created for the sole purposes of purchasing...

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