Nitro Securitisation 6 (RF) Limited (Monitoring Dashboard)

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Nitro Securitisation 6 (RF) Limited (Monitoring Dashboard)
  • Nitro Securitisation 6 (RF) Limited (Monitoring Dashboard)
  • Year : Aug 2020
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Summary

Annualised negative excess spread of -1.8% was reported at May 2020. This reflects the impact of the economic lockdown implemented in the months of March, April and May 2020 amid the COVID-19 pandemic. The cumulative excess spread is estimated to be R46.2m, however.

Additional Information

The Dashboard covers the period from May 2018 to May 2020 and is part of GCR’s performance monitoring process and does not constitute rating action or rating reports. GCR will update the Dashboards at least on a quarterly basis.

The Dashboard exhibits performance metrics related to the Nitro Securitisation 6 (RF) Ltd transaction, which include credit enhancement levels, excess spread, defaults, recoveries and covenants. Rating reports are also available on the website.

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