Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And B Ratings Affirmed - S&P Global Ratings’ Credit Research

Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And B Ratings Affirmed

Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And B Ratings Affirmed - S&P Global Ratings’ Credit Research
Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And B Ratings Affirmed
Published Aug 13, 2019
4 pages (2131 words) — Published Aug 13, 2019
Price US$ 150.00  |  Buy this Report Now

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Abstract:

Following the publication of our revised counterparty and sovereign risk criteria, we have reviewed Sestante Finance series 2. Following our review, we have raised our ratings on the class C1 and C2 notes. At the same time, we have affirmed our ratings on the class A and B 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) Aug. 13, 2019--S&P Global Ratings today raised its credit ratings on Sestante Finance S.r.l.'s series 2 class C1 and C2 notes. At the same time, we have affirmed our ratings on the class A and B notes (see list above). Upon publication

  
Brief Excerpt:

...- Following the publication of our revised counterparty and sovereign risk criteria, we have reviewed Sestante Finance series 2. - Following our review, we have raised our ratings on the class C1 and C2 notes. At the same time, we have affirmed our ratings on the class A and B 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) Aug. 13, 2019--S&P Global Ratings today raised its credit ratings on Sestante Finance S.r.l.'s series 2 class C1 and C2 notes. At the same time, we have affirmed our ratings on the class A and B notes (see list above). Upon publication of our revised criteria for assessing counterparty and sovereign risk in structured finance transactions, we placed our ratings in this transaction that could be affected under criteria observation (see "Ratings Placed Under Criteria Observation Due To Revised Counterparty Risk Criteria,"...

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Europe, Middle East, Africa
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And B Ratings Affirmed" Aug 13, 2019. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sestante-Finance-Series-2-Class-C1-And-C2-Italian-RMBS-Ratings-Raised-Class-A-And-B-Ratings-Affirmed-2281389>
  
APA:
S&P Global Ratings’ Credit Research. (). Sestante Finance Series 2 Class C1 And C2 Italian RMBS Ratings Raised; Class A And B Ratings Affirmed Aug 13, 2019. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sestante-Finance-Series-2-Class-C1-And-C2-Italian-RMBS-Ratings-Raised-Class-A-And-B-Ratings-Affirmed-2281389>
  
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