Shamrock Residential 2022-2 DAC Irish RMBS Ratings Affirmed - S&P Global Ratings’ Credit Research

Shamrock Residential 2022-2 DAC Irish RMBS Ratings Affirmed

Shamrock Residential 2022-2 DAC Irish RMBS Ratings Affirmed - S&P Global Ratings’ Credit Research
Shamrock Residential 2022-2 DAC Irish RMBS Ratings Affirmed
Published Oct 19, 2023
5 pages (2184 words) — Published Oct 19, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We reviewed Shamrock Residential 2022-2 DAC in line with the latest available data. Following our review, we affirmed our ratings on all classes of notes. Shamrock Residential 2022-2 DAC is a static reperforming RMBS transaction that securitizes a portfolio of reperforming mortgage loans, secured over residential properties in Ireland. DUBLIN (S&P Global Ratings) Oct. 19, 2023--S&P Global Ratings today affirmed its 'AAA (sf)' credit rating on Shamrock Residential 2022-2 DAC's class A notes, 'AA- (sf)' rating on the class B-Dfrd notes, 'A (sf)' rating on the class C-Dfrd notes, 'BBB (sf)' rating on the class D-Dfrd notes, 'BB (sf)' rating on the class E-Dfrd notes, 'B (sf)' rating on the class F-Dfrd notes, and 'B- (sf)' rating on the class

  
Brief Excerpt:

...- We reviewed Shamrock Residential 2022-2 DAC in line with the latest available data. - Following our review, we affirmed our ratings on all classes of notes. - Shamrock Residential 2022-2 DAC is a static reperforming RMBS transaction that securitizes a portfolio of reperforming mortgage loans, secured over residential properties in Ireland. DUBLIN (S&P Global Ratings) Oct. 19, 2023--S&P Global Ratings today affirmed its '### (sf)' credit rating on Shamrock Residential 2022-2 DAC's class A notes, '##- (sf)' rating on the class B-Dfrd notes, 'A (sf)' rating on the class C-Dfrd notes, '### (sf)' rating on the class D-Dfrd notes, '## (sf)' rating on the class E-Dfrd notes, 'B (sf)' rating on the class F-Dfrd notes, and 'B- (sf)' rating on the class G-Dfrd notes. Today's affirmations reflect our full analysis of the most recent transaction information and the transaction's structural features. Almost 70% of the loans in the transaction at closing had been previously restructured, and 22.7%...

  
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. "Shamrock Residential 2022-2 DAC Irish RMBS Ratings Affirmed" Oct 19, 2023. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Shamrock-Residential-2022-2-DAC-Irish-RMBS-Ratings-Affirmed-3073094>
  
APA:
S&P Global Ratings’ Credit Research. (). Shamrock Residential 2022-2 DAC Irish RMBS Ratings Affirmed Oct 19, 2023. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Shamrock-Residential-2022-2-DAC-Irish-RMBS-Ratings-Affirmed-3073094>
  
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