New Issue: Fosse Master Issuer PLC (Series 2019-1) - S&P Global Ratings’ Credit Research

New Issue: Fosse Master Issuer PLC (Series 2019-1)

New Issue: Fosse Master Issuer PLC (Series 2019-1) - S&P Global Ratings’ Credit Research
New Issue: Fosse Master Issuer PLC (Series 2019-1)
Published Oct 15, 2019
16 pages (5778 words) — Published Oct 15, 2019
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

For Fosse Master Issuer PLC's series 2019-1 issuance, we have received loan-level data as of June 30, 2019. The £4.3 billion pool comprises 22,728 loan parts originated by Santander UK PLC. The assets are owner-occupied mortgage loans secured against properties in the U.K. As part of this issuance and in order to be compliant with the securitization regulations, the old assets were purchased and replaced by new ones sold to the trust. Overall, the quality of data provided is in line with our standards. Subject to meeting certain conditions, the seller can sell additional loans to the trust (see "sale of new loans" section below). Santander UK originated all of the loans in the portfolio between 2002 and 2019. Santander

  
Brief Excerpt:

...For Fosse Master Issuer PLC's series 2019-1 issuance, we have received loan-level data as of June 30, 2019. The ú4.3 billion pool comprises 22,728 loan parts originated by Santander UK PLC. The assets are owner-occupied mortgage loans secured against properties in the U.K. As part of this issuance and in order to be compliant with the securitization regulations, the old assets were purchased and replaced by new ones sold to the trust. Overall, the quality of data provided is in line with our standards. Subject to meeting certain conditions, the seller can sell additional loans to the trust (see "sale of new loans" section below)....

  
Report Type:

Full Report

Issuer
Sector
Structured Finance
Country
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. "New Issue: Fosse Master Issuer PLC (Series 2019-1)" Oct 15, 2019. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Fosse-Master-Issuer-PLC-Series-2019-1-2319525>
  
APA:
S&P Global Ratings’ Credit Research. (). New Issue: Fosse Master Issuer PLC (Series 2019-1) Oct 15, 2019. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-Issue-Fosse-Master-Issuer-PLC-Series-2019-1-2319525>
  
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