...- We have assigned our '### (sf)' rating to Solitaire I's class A notes. - The transaction is a static RMBS that securitizes a 379.79 million pool of prime, owner-occupied Dutch residential mortgage loans. MADRID (S&P Global Ratings) Aug. 11, 2021-- S&P Global Ratings assigned its credit rating to Solitaire I B.V.'s class A notes. At closing, Solitaire I also issued unrated class B notes. Solitaire I is the first securitization of mortgage loans from bunq B.V. Venn Hypotheken B.V. (24%) and ASR Levensverzekering N.V. (76%) originated the loans. Bunq purchased the loans through two wholly owned subsidiaries, Another Mortgage I B.V. and Another Mortgage II B.V. The loans were then sold on to the issuer. Bunq is a challenger bank that launched end 2015 in the Netherlands and now has a full banking license. This transaction is the first of bunq's planned securitization program. The program has been designed to allow bunq to use securitized notes as collateral, in order to attract liquidity...
