Preliminary Ratings Assigned To Elizabeth Finance 2018 U.K. CMBS Transaction - S&P Global Ratings’ Credit Research

Preliminary Ratings Assigned To Elizabeth Finance 2018 U.K. CMBS Transaction

Preliminary Ratings Assigned To Elizabeth Finance 2018 U.K. CMBS Transaction - S&P Global Ratings’ Credit Research
Preliminary Ratings Assigned To Elizabeth Finance 2018 U.K. CMBS Transaction
Published Aug 23, 2018
4 pages (1572 words) — Published Aug 23, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW We have assigned preliminary credit ratings to Elizabeth Finance 2018's class A to E notes. Our preliminary ratings reflect our assessment of the underlying loans' credit, cash flow, and legal characteristics, and an analysis of counterparty and operational risks. The transaction is a securitization of two loans originated by Goldman Sachs to facilitate the refinancing of commercial real estate. LONDON (S&P Global Ratings) Aug. 23, 2018-- S&P Global Ratings today assigned preliminary credit ratings to Elizabeth Finance 2018 DAC's class A to E notes (see list below). At closing, Elizabeth Finance 2018 will also issue unrated class X1 and X2 certificates. Our preliminary ratings reflect our assessment of the underlying loans' credit, cash flow, and legal characteristics, and an

  
Brief Excerpt:

...OVERVIEW + We have assigned preliminary credit ratings to Elizabeth Finance 2018's class A to E notes. + Our preliminary ratings reflect our assessment of the underlying loans' credit, cash flow, and legal characteristics, and an analysis of counterparty and operational risks. + The transaction is a securitization of two loans originated by Goldman Sachs to facilitate the refinancing of commercial real estate. LONDON (S&P Global Ratings) Aug. 23, 2018-- S&P Global Ratings today assigned preliminary credit ratings to Elizabeth Finance 2018 DAC's class A to E notes (see list below). At closing, Elizabeth Finance 2018 will also issue unrated class X1 and X2 certificates. Our preliminary ratings reflect our assessment of the underlying loans' credit, cash flow, and legal characteristics, and an analysis of the transaction's counterparty and operational risks. In our analysis, we evaluated the underlying real estate collateral securing each loan to generate an "expected case" value. This value...

  
Report Type:

Ratings Action

Issuer
Elizabeth Finance 2018 DAC
Sector
Structured Finance
Country
Ireland
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. "Preliminary Ratings Assigned To Elizabeth Finance 2018 U.K. CMBS Transaction" Aug 23, 2018. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Preliminary-Ratings-Assigned-To-Elizabeth-Finance-2018-U-K-CMBS-Transaction-2089982>
  
APA:
S&P Global Ratings’ Credit Research. (). Preliminary Ratings Assigned To Elizabeth Finance 2018 U.K. CMBS Transaction Aug 23, 2018. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Preliminary-Ratings-Assigned-To-Elizabeth-Finance-2018-U-K-CMBS-Transaction-2089982>
  
US$ 150.00
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