...December 21, 2022 MELBOURNE (S&P Global Ratings) Dec. 22, 2022--S&P Global Ratings today affirmed its ratings on five classes of notes of prime residential mortgage-backed securities (RMBS) issued by Perpetual Corporate Trust Ltd. as trustee of the IDOL 2017-1 Trust(see list). The transaction continues to perform well. As of Nov. 30, 2022, the IDOL 2017-1 pool has a current weighted-average loan-to-value ratio of 42.2%, weighted-average seasoning of 87.1 months, and pool factor of about 17.6%. Loans greater than 30 days in arrears represent 0.5% of the pool, of which 0.4% is more than 90 days in arrears. There have been no losses to date. We believe that the credit support provided to each class of notes is sufficient to withstand the stresses we apply at each respective rating level. Credit support comprises note subordination for all rated notes, lenders' mortgage insurance on 10.0% of the loan pool, and excess spread, if any. The transactions' cash flows support the timely payment of...
