Rating Securitisation Transactions Involving Intermediate SPVs

Image placeholder
Rating Securitisation Transactions Involving Intermediate SPVs
  • Rating Securitisation Transactions Involving Intermediate SPVs
  • Year : Mar 2020
Access Now
Summary

This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that the report excludes ancillary SPVs (such as Security SPVs in South Africa) that form an integral part of the securitisation scheme.

Additional Information

Securitisation structures typically involve a single special-purpose vehicle (SPV or Issuing SPV), being the issuer of debt backed by an asset portfolio, and several service providers. To rate the debt issued by the SPV, GCR Ratings (GCR) would perform its standard analysis on the SPV structure, its asset portfolio and the risk posed by the various counterparties involved.

Related Publication

Rating Securitisation Transactions Involving Intermediate SPVs

This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that t...

Fox Street 3 (RF) Limited

Fox Street 3 (RF) Ltd is a Residential Mortgage Backed Securities (“RMBS”) Securitisation of home loans originated by Investec Bank Ltd...

Rating Securitisation Transactions Involving Intermediate SPVs

This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that t...

Available Purchase Options: