Ratings Raised On Italian RMBS Transaction Sestante Finance Series 2's Class B Notes; Other Ratings Affirmed

OVERVIEW We have reviewed Sestante Finance series 2's performance by conducting our credit and cash flow analysis and applying our relevant criteria. Following our review, we have raised our rating on the class B notes. At the same time, we have affirmed our ratings on the class A, C1, and C2 notes. Sestante Finance series 2 is an Italian RMBS transaction, which closed in December 2004. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) July 27, 2018--S&P Global Ratings today raised its credit rating on Sestante Finance S.r.l. series 2's class B notes. At the same time, we have affirmed our ratings on the class A, C1, and C2 notes (see list below).

...OVERVIEW + We have reviewed Sestante Finance series 2's performance by conducting our credit and cash flow analysis and applying our relevant criteria. + Following our review, we have raised our rating on the class B notes. At the same time, we have affirmed our ratings on the class A, C1, and C2 notes. + Sestante Finance series 2 is an Italian RMBS transaction, which closed in December 2004. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) July 27, 2018--S&P Global Ratings today raised its credit rating on Sestante Finance S.r.l. series 2's class B notes. At the same time, we have affirmed our ratings on the class A, C1, and C2 notes (see list below). Today's rating actions follow our credit and cash flow analysis of the most recent transaction information that we have received as of the April 2018 payment date. We have applied our European residential loans criteria and our structured finance ratings above the sovereign (RAS) criteria...

Ratings Action