Presale: Pinnacle Series Trust 2021-T1 - S&P Global Ratings’ Credit Research

Presale: Pinnacle Series Trust 2021-T1

Presale: Pinnacle Series Trust 2021-T1 - S&P Global Ratings’ Credit Research
Presale: Pinnacle Series Trust 2021-T1
Published Oct 19, 2021
Published Oct 19, 2021
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

The preliminary ratings assigned to the prime floating-rate residential mortgage-backed securities (RMBS) to be issued by BNY Trust Co. of Australia Ltd. as trustee of the Pinnacle Series Trust 2021-T1 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) and is sufficient to cover assumed losses at the applicable rating stress. The assessment of credit risk takes into account the underwriting standards and approval process of the originator, which is consistent with industrywide practices, the servicing quality of Police&Nurses Ltd. (P&N;

  
Report Type:

Presale Report

Sector
Structured Finance
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. "Presale: Pinnacle Series Trust 2021-T1" Oct 19, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Presale-Pinnacle-Series-Trust-2021-T1-2740610>
  
APA:
S&P Global Ratings’ Credit Research. (). Presale: Pinnacle Series Trust 2021-T1 Oct 19, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Presale-Pinnacle-Series-Trust-2021-T1-2740610>
  
US$ 500.00
$  £  
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