Credit ratings were assigned to the €920 million mortgage-backed floating-rate notes issued by IM PASTOR 4, Fondo de Titulización de Activos. The originator is Banco Pastor, S.A., which is ranked among the top 20 banks in Spain. It enjoys an outstanding regional presence in its original home market, Galicia, and this is one of its main business strengths. Its primary business is SME lending and retail banking. With this transaction, Banco Pastor securitized part of its growing residential mortgage-lending book. The loans, originated across Spain, feature a first-ranking security and are for the purpose of property acquisition. This is the sixth RMBS securitization of Banco Pastor's mortgage loans, and the 10th securitization for the bank. This transaction is very similar
