New Issue: IDOL 2017-1 Trust - S&P Global Ratings’ Credit Research

New Issue: IDOL 2017-1 Trust

New Issue: IDOL 2017-1 Trust - S&P Global Ratings’ Credit Research
New Issue: IDOL 2017-1 Trust
Published Jun 13, 2017
Published Jun 13, 2017
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The ratings assigned to the prime floating-rate residential mortgage-backed securities (RMBS) issued by Perpetual Corporate Trust Ltd. as trustee of the IDOL 2017-1 Trust reflect the following factors. The credit risk of the underlying collateral portfolio (discussed in more detail under "Credit Assessment") and the credit support provided to each class of notes are commensurate with the ratings assigned. Credit support is provided by subordination and lenders' mortgage insurance (LMI) cover. The assessment of credit risk takes into account the underwriting standards and approval process of ING Bank (Australia) Ltd. (ING Bank Australia), which are consistent with industry-wide practices; the servicing quality of ING Bank Australia (discussed in more detail under "Origination And Servicing"); and the support provided by the

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IDOL 2017-1 Trust
Structured Finance
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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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S&P Global Ratings’ Credit Research. "New Issue: IDOL 2017-1 Trust" Jun 13, 2017. Alacra Store. Jan 28, 2022. <>
S&P Global Ratings’ Credit Research. (). New Issue: IDOL 2017-1 Trust Jun 13, 2017. New York, NY: Alacra Store. Retrieved Jan 28, 2022 from <>
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