...- Following our review under our relevant criteria, we have taken various rating actions in this transaction. - Santander Hipotecario 2 is a Spanish RMBS transaction that closed in July 2006 and securitizes first-ranking mortgage loans. MADRID (S&P Global Ratings) Jan. 15, 2020--S&P Global Ratings today raised its credit ratings on Fondo de Titulizacion de Activos Santander Hipotecario 2's class A to E notes and affirmed its rating on the class F notes. Today's rating actions follow the application of our relevant criteria and our full analysis of the most recent transaction information that we have received, and reflect the transaction's current structural features (see "Related Criteria"). After applying our European residential loans criteria to this transaction, and taking into account the most recent data provided by the originator which included additional details on further advances, borrower residency and borrower employment status, the overall effect in our credit analysis results...
