Rating Lowered On Italian RMBS Transaction Sestante Finance Series 4's Class A2 Notes; Class B And C Notes Affirmed

OVERVIEW We have reviewed Sestante Finance series 4's performance, by conducting our credit and cash flow analysis and applying our relevant criteria. Following our review, we have lowered our rating on the class A2 notes. At the same time, we have affirmed our ratings on the class B, C1, and C2 notes. Sestante Finance's series 4 is an Italian RMBS transaction, which closed in December 2006. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MADRID (S&P Global Ratings) June 20, 2017--S&P Global Ratings today lowered to 'B (sf)' from 'BBB- (sf)' its credit rating on Sestante Finance S.r.l. series 4 's class A2 notes. At the same time, we have affirmed our 'D (sf)' ratings on the

...OVERVIEW + We have reviewed Sestante Finance series 4's performance, by conducting our credit and cash flow analysis and applying our relevant criteria. + Following our review, we have lowered our rating on the class A2 notes. + At the same time, we have affirmed our ratings on the class B, C1, and C2 notes. + Sestante Finance's series 4 is an Italian RMBS transaction, which closed in December 2006. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MADRID (S&P Global Ratings) June 20, 2017--S&P Global Ratings today lowered to 'B (sf)' from '###- (sf)' its credit rating on Sestante Finance S.r.l. series 4 's class A2 notes. At the same time, we have affirmed our 'D (sf)' ratings on the class B, C1, and C2 notes (see list below). Today's rating actions follow our credit and cash flow analysis of the most recent transaction information that we have received as of the April 2017 payment date. We have applied our European residential loans criteria and our structured...

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