Rating Raised On Italian RMBS Transaction Sestante Finance Series 3's Class A Notes; Class B And C Ratings Affirmed

OVERVIEW We have reviewed Sestante Finance series 3's performance by conducting our credit and cash flow analysis and applying our relevant criteria. Following our review, we have raised to 'A+ (sf)' from 'A (sf)' and removed from CreditWatch positive our rating on the class A notes. At the same, we have affirmed our 'B (sf)' rating on the class B notes and our 'D (sf)' ratings on the class C1 and C2 notes. Sestante Finance series 3 is an Italian RMBS transaction, which closed in December 2005. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) Jan. 17, 2018--S&P Global Ratings today raised to 'A+ (sf)' from 'A (sf)' and removed from CreditWatch positive

...OVERVIEW + We have reviewed Sestante Finance series 3's performance by conducting our credit and cash flow analysis and applying our relevant criteria. + Following our review, we have raised to 'A+ (sf)' from 'A (sf)' and removed from CreditWatch positive our rating on the class A notes. + At the same, we have affirmed our 'B (sf)' rating on the class B notes and our 'D (sf)' ratings on the class C1 and C2 notes. + Sestante Finance series 3 is an Italian RMBS transaction, which closed in December 2005. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) Jan. 17, 2018--S&P Global Ratings today raised to 'A+ (sf)' from 'A (sf)' and removed from CreditWatch positive its credit rating on Sestante Finance S.r.l. series 3's class A notes. At the same time, we have affirmed our 'B (sf)' rating on the class B notes and our 'D (sf)' ratings on the class C1 and C2 notes (see list below). Today's rating actions resolve our Nov. 24, 2017, CreditWatch...

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