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

Evolution Future Flow Securities (2016-02)

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

Compass Securitisation (RF) Limited (Monitoring Dashboard)

In January 2020, previously excluded bad debts recovered relating to actual write-offs was included as part of monthly recoveries. The "Aggreg...

Short Term Insurance Industry Compendium - Sub-Saharan Africa

This introduces GCR Ratings (“GCR”) first Short Term Insurance Compendium for Sub-Saharan Africa. In this publication, GCR provides a b...

Available Purchase Options: