Rating Lowered To 'D (sf)' On Spanish RMBS Transaction IM PASTOR 4's Class D Notes Following Interest Payment Default - S&P Global Ratings’ Credit Research

Rating Lowered To 'D (sf)' On Spanish RMBS Transaction IM PASTOR 4's Class D Notes Following Interest Payment Default

Rating Lowered To 'D (sf)' On Spanish RMBS Transaction IM PASTOR 4's Class D Notes Following Interest Payment Default - S&P Global Ratings’ Credit Research
Rating Lowered To 'D (sf)' On Spanish RMBS Transaction IM PASTOR 4's Class D Notes Following Interest Payment Default
Published Jan 28, 2014
Published Jan 28, 2014
Price US$ 150.00  |  Buy this Report Now

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Abstract:

OVERVIEW IM PASTOR 4's class D notes defaulted on their interest payment in December 2013. Consequently, we have lowered to 'D (sf)' from 'CCC- (sf)' our rating on this class of notes. IM Pastor 4 is a 2006-vintage securitization of residential mortgage loans granted to individuals to purchase a property in Spain. The loans were originated by Banco PASTOR, which has now merged with Banco Popular. MADRID (Standard&Poor's) Jan. 28, 2014--Standard&Poor's Ratings Services today lowered to 'D (sf)' from 'CCC- (sf)' its credit rating on IM PASTOR 4, Fondo de Titulizacion de Activos' class D notes. Today's rating action follows the class D notes' interest payment default on the Dec. 23, 2014 interest payment date (IPD).

  
Report Type:

Ratings Action

Issuer
IM PASTOR 4, Fondo de Titulizacion de Activos
Sector
Structured Finance
Country
Spain
Region
Europe, Middle East, Africa
Format:
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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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MLA:
S&P Global Ratings’ Credit Research. "Rating Lowered To 'D (sf)' On Spanish RMBS Transaction IM PASTOR 4's Class D Notes Following Interest Payment Default" Jan 28, 2014. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-Lowered-To-D-sf-On-Spanish-RMBS-Transaction-IM-PASTOR-4-s-Class-D-Notes-Following-Interest-Payment-Default-1250442>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating Lowered To 'D (sf)' On Spanish RMBS Transaction IM PASTOR 4's Class D Notes Following Interest Payment Default Jan 28, 2014. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-Lowered-To-D-sf-On-Spanish-RMBS-Transaction-IM-PASTOR-4-s-Class-D-Notes-Following-Interest-Payment-Default-1250442>
  
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