Fox Street 6 (RF) Limited

Image placeholder
Fox Street 6 (RF) Limited
  • Fox Street 6 (RF) Limited
  • Year : Apr 2020
3 Tokens
USD 300.00
Summary

Fox Street 6 (RF) Ltd is a Residential Mortgage Backed Securities (“RMBS”) Securitisation of home loans originated by Investec Bank Ltd (“Investec”) to its private banking clients. The Issuer issued Notes on 8 August 2018. This is Investec’s sixth Fox Street RMBS transaction. The credit ratings accorded to the Class A Notes relate to timely payment of interest and ultimate payment of principal, whilst the ratings on all other securities relate to ultimate payment of interest and ultimate payment of principal.


Additional Information

The output of the cash flow model leads directly to the ratings assigned to each Class of Notes. The modelling outcome is consistent with the level of Credit Enhancement of each respective Class and can be reasonably compared with the rating outcomes of the other Fox Street transactions rated by GCR, while taking cognisance of any specific attributes of the Fox Street 6 home loan portfolio and Transaction structure.

Related Publication

South African Securitisation Programme (2015-06)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

‘Cash is King’ in supporting SA Equipment Lease ABS ratings amid COVID-19 Payment Holidays

GCR Ratings believes the performance of securitisation transactions may be impacted by the relief solutions offered by the South African Financial...

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

  • GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....
Available Purchase Options: