Pinnacle Series Trust 2021-T1 Prime RMBS Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research

Pinnacle Series Trust 2021-T1 Prime RMBS Assigned Preliminary Ratings

Pinnacle Series Trust 2021-T1 Prime RMBS Assigned Preliminary Ratings - S&P Global Ratings’ Credit Research
Pinnacle Series Trust 2021-T1 Prime RMBS Assigned Preliminary Ratings
Published Oct 19, 2021
Published Oct 19, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (S&P Global Ratings) Oct. 20, 2021--S&P Global Ratings today assigned preliminary ratings to six of the seven classes of prime residential mortgage-backed securities (RMBS) to be issued by BNY Trust Co. of Australia Ltd. as trustee for Pinnacle Series Trust 2021-T1 (see list). The preliminary ratings reflect: Our view of the credit risk of the underlying collateral portfolio, including our view that the credit support is sufficient to withstand the stresses we apply. The credit support for the rated notes comprises note subordination and lenders' mortgage insurance on 38.4% of the portfolio. Our expectation that the various mechanisms to support liquidity within the transaction, including an amortizing liquidity reserve equal to 0.80% of the initial aggregate principal outstanding on

  
Report Type:

Ratings Action

Issuer
Pinnacle Series Trust 2021-T1
Sector
Structured Finance
Country
Region
Pacific
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Pinnacle Series Trust 2021-T1 Prime RMBS Assigned Preliminary Ratings" Oct 19, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Pinnacle-Series-Trust-2021-T1-Prime-RMBS-Assigned-Preliminary-Ratings-2740611>
  
APA:
S&P Global Ratings’ Credit Research. (). Pinnacle Series Trust 2021-T1 Prime RMBS Assigned Preliminary Ratings Oct 19, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Pinnacle-Series-Trust-2021-T1-Prime-RMBS-Assigned-Preliminary-Ratings-2740611>
  
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