Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons - S&P Global Ratings’ Credit Research

Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons

Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons - S&P Global Ratings’ Credit Research
Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons
Published Mar 22, 2013
2093 words — Published Mar 22, 2013
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About This Report

  
Abstract:

OVERVIEW On Feb. 21, 2013, we placed on CreditWatch negative our ratings on all classes of notes in Sestante Finance series 3 for various reasons. We have reviewed the transaction's performance, conducted our credit and cash flow analysis, and applied our 2012 counterparty criteria. Following our review, we have lowered our ratings on class B, C1, and C2 notes for performance reasons. We have kept on CreditWatch negative our rating on the class A notes for counterparty reasons. Sestante Finance's series 3 is an Italian RMBS transaction backed by a pool of residential mortgage loans that Meliorbanca originated in Italy. LONDON (Standard&Poor's) March 22, 2013--Standard&Poor's Ratings Services today lowered and removed from CreditWatch negative its credit

  
Brief Excerpt:

RESEARCH Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons Publication date: 22-Mar-2013 Surveillance Credit Analyst: Andrea Giacobello, London (44) 20-7176-3909; andrea_giacobello@standardandp...

  
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. "Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons" Mar 22, 2013. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Lowered-On-Italian-RMBS-Sestante-Finance-Series-3-s-Class-B-C1-And-C2-Notes-For-Performance-Reasons-1100866>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings Lowered On Italian RMBS Sestante Finance Series 3's Class B, C1, And C2 Notes For Performance Reasons Mar 22, 2013. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Lowered-On-Italian-RMBS-Sestante-Finance-Series-3-s-Class-B-C1-And-C2-Notes-For-Performance-Reasons-1100866>
  
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