Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Sestante Finance S.r.l.

Rating Lowered On Sestante Finance Series 4's Class B Italian RMBS Notes Due To Increased Cumulative Defaults

Published Dec 12, 2016

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

OVERVIEW We have reviewed Sestante Finance series 4's performance using data as of the October 2016 interest payment date. Following our review, we have lowered our rating on the class B notes. At the same time, we have affirmed our credit ratings on the class C1 and C2 notes. Sestante Finance's series 4 is an Italian RMBS transaction, backed by a pool of residential mortgage loans originated by Meliorbanca. MADRID (S&P Global Ratings) Dec. 12, 2016--S&P Global Ratings today lowered to 'D (sf)' from 'CCC (sf)' its credit rating on Sestante Finance S.r.l. series 4' s class B notes. At the same time, we have affirmed our ratings on the class C1 and C2 notes (see list below). Today's rating

Report Type:

Ratings Action

Issuer

Sestante Finance S.r.l.

Sector

Structured Finance

Country

Italy

Region

Europe, Middle East, Africa

Format:

PDF

Ratings Lowered On Italian RMBS Transaction Sestante Finance Series 3's Class B And C Notes; Class A Rating Affirmed – 2017/01/24 – US$ 150.00

Ratings Affirmed On Italian RMBS Transaction Sestante Finance Series 2's Class A, B, C1, And C2 Notes – 2017/05/23 – US$ 150.00

Rating Affirmed On Italian RMBS Transaction Sestante Finance Series 1's Class A1 Notes – 2017/05/23 – US$ 150.00

Rating Lowered On Italian RMBS Transaction Sestante Finance Series 4's Class A2 Notes; Class B And C Notes Affirmed – 2017/06/20 – US$ 150.00

Ratings Lowered On Italian RMBS Transaction Sestante Finance Series 3's Class C Notes Following Interest Shortfall – 2017/12/06 – US$ 150.00

Ratings On Italian RMBS Transaction Sestante Finance Series 3's Class B, C1, And C2 Notes Placed On CreditWatch Negative – 2016/10/25 – US$ 150.00

Rating Lowered On Italian RMBS Transaction Sestante Finance Series 3's Class B Notes For Counterparty Reasons – 2015/10/02 – US$ 150.00

Various Rating Actions Taken In Three Sestante Finance Italian RMBS Transactions Following Criteria Updates – 2014/12/15 – US$ 150.00

Various Rating Actions Taken In Italian RMBS Transaction Sestante Finance Series 3 Following Criteria Application – 2014/11/17 – US$ 150.00

Rating On Italian RMBS Transaction Sestante Finance Series 3's Class B Notes Placed On CreditWatch Negative – 2014/03/13 – US$ 150.00

More from S&P Global Ratings’ Credit Research

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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Rating Lowered On Sestante Finance Series 4's Class B Italian RMBS Notes Due To Increased Cumulative Defaults" Dec 12, 2016. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-Lowered-On-Sestante-Finance-Series-4-s-Class-B-Italian-RMBS-Notes-Due-To-Increased-Cumulative-Defaults-1771968>

APA:	S&P Global Ratings’ Credit Research. (). Rating Lowered On Sestante Finance Series 4's Class B Italian RMBS Notes Due To Increased Cumulative Defaults Dec 12, 2016. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-Lowered-On-Sestante-Finance-Series-4-s-Class-B-Italian-RMBS-Notes-Due-To-Increased-Cumulative-Defaults-1771968>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.