Sestante Finance Series 4's Class A2 Notes Rating Raised; Class B And C Notes Affirmed - S&P Global Ratings’ Credit Research

Sestante Finance Series 4's Class A2 Notes Rating Raised; Class B And C Notes Affirmed

Sestante Finance Series 4's Class A2 Notes Rating Raised; Class B And C Notes Affirmed - S&P Global Ratings’ Credit Research
Sestante Finance Series 4's Class A2 Notes Rating Raised; Class B And C Notes Affirmed
Published Nov 27, 2020
5 pages (2178 words) — Published Nov 27, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We have reviewed Sestante Finance series 4'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 A2 notes. At the same time, we have affirmed our ratings on the class B, C1, and C2 notes. Sestante Finance's series 4 is an Italian RMBS transaction, which closed in December 2006. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) Nov. 27, 2020--S&P Global Ratings today raised to 'BB (sf)' from 'B (sf)' its credit rating on Sestante Finance S.r.l. series 4's class A2 notes. At the same time, we have affirmed our 'D (sf)' ratings on the class B,

  
Brief Excerpt:

...- We have reviewed Sestante Finance series 4'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 A2 notes. At the same time, we have affirmed our ratings on the class B, C1, and C2 notes. - Sestante Finance's series 4 is an Italian RMBS transaction, which closed in December 2006. It securitizes a pool of residential mortgage loans originated by Meliorbanca. MILAN (S&P Global Ratings) Nov. 27, 2020--S&P Global Ratings today raised to '## (sf)' from 'B (sf)' its credit rating on Sestante Finance S.r.l. series 4's class A2 notes. At the same time, we have affirmed our 'D (sf)' ratings on the class B, C1, and C2. Today's rating actions follow our credit and cash flow analysis of the most recent transaction information that we have received, as of the October 2020 payment date. The available credit enhancement for all classes of notes has increased since our previous review (see "Rating...

  
Report Type:

Ratings Action

Issuer
Sector
Structured Finance
Country
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Sestante Finance Series 4's Class A2 Notes Rating Raised; Class B And C Notes Affirmed" Nov 27, 2020. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sestante-Finance-Series-4-s-Class-A2-Notes-Rating-Raised-Class-B-And-C-Notes-Affirmed-2561982>
  
APA:
S&P Global Ratings’ Credit Research. (). Sestante Finance Series 4's Class A2 Notes Rating Raised; Class B And C Notes Affirmed Nov 27, 2020. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sestante-Finance-Series-4-s-Class-A2-Notes-Rating-Raised-Class-B-And-C-Notes-Affirmed-2561982>
  
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