Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed - S&P Global Ratings’ Credit Research

Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed

Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed - S&P Global Ratings’ Credit Research
Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed
Published Apr 12, 2011
Published Apr 12, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW We have reviewed the transaction documents and found that the downgrade language for some counterparties in Sestante Finance series 5 is not consistent with our updated counterparty criteria. Our assessment of the transaction's credit and structural features indicates that the performance is still in line with the results of our last review of the transaction in March 2011. We have therefore lowered our rating on the class A notes and affirmed our rating on the class B notes in this transaction. We then withdrew our ratings on both classes of notes at the issuer's request. Sestante Finance series 5 is an Italian RMBS transaction originated by Meliorbanca SpA. MILAN (Standard&Poor's) April 12, 2011--Standard&Poor's Ratings Services

  
Report Type:

Ratings Action

Issuer
Sestante Finance S.r.l.
Sector
Structured Finance
Country
Italy
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed" Apr 12, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-Lowered-On-Italian-RMBS-Transaction-Sestante-Finance-s-Class-A-Notes-Series-5-Class-B-Affirmed-860367>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating Lowered On Italian RMBS Transaction Sestante Finance's Class A Notes Series 5; Class B Affirmed Apr 12, 2011. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-Lowered-On-Italian-RMBS-Transaction-Sestante-Finance-s-Class-A-Notes-Series-5-Class-B-Affirmed-860367>
  
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