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Ratings Placed On CreditWatch Negative On Sestante's Series 2 Class C1 And C2 Notes

Published Jun 18, 2010

1335 words — Published Jun 18, 2010

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Abstract:

OVERVIEW The CreditWatch negative placements on Sestante's class C1 and C2 notes follow deteriorating performance metrics and our assessment of the characteristics of the residual mortgage loan portfolio. Additionally, our ratings on the class A and B notes remain unaffected. Sestante's series 2 is a segregated transaction that securitizes pools of residential mortgage loans originated in Italy by Meliorbanca. MILAN (Standard&Poor's) June 18, 2010--Standard&Poor's Ratings Services today placed on CreditWatch negative its credit ratings on Sestante Finance S.r.l.'s class C1 and C2 notes series 2. Additionally, our ratings on the class A and B notes remain unaffected (see list below). Today's rating actions follow a cash flow analysis taking into account updated performance data and the

Brief Excerpt:

RESEARCH Ratings Placed On CreditWatch Negative On Sestante's Series 2 Class C1 And C2 Notes Publication date: 18-Jun-2010 Surveillance Credit Analyst: Andrea Giacobello, Milan (39) 02-72111-281; andrea_giacobello@standardandpoors.com...

Report Type:

Ratings Action

Issuer

Sestante Finance S.r.l.

Sector

Structured Finance

Country

Italy

Region

Europe, Middle East, Africa

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Ratings Placed On CreditWatch Negative On Sestante's Series 2 Class C1 And C2 Notes" Jun 18, 2010. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Placed-On-CreditWatch-Negative-On-Sestante-s-Series-2-Class-C1-And-C2-Notes-804840>

APA:	S&P Global Ratings’ Credit Research. (). Ratings Placed On CreditWatch Negative On Sestante's Series 2 Class C1 And C2 Notes Jun 18, 2010. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-Placed-On-CreditWatch-Negative-On-Sestante-s-Series-2-Class-C1-And-C2-Notes-804840>

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