S&P: Ratings Raised On STORM 2014-II's Class B To D Dutch RMBS Notes Following Review; Class A2 Rating Affirmed

S&P Global Ratings today raised its credit ratings on STORM 2014-II B. V.'s class B, C, and D notes. At the same time, we have affirmed our rating on the class A2 notes (see list below).

Today's rating actions follow our credit and cash flow analysis of the transaction using information as of the December 2017 payment date.

The portfolio's collateral performance has been stable and in line with our expectations since our previous review (see "Various Rating Actions Taken In Dutch RMBS Transaction STORM 2014-II Following Application Of Updated Criteria," published on Feb. 18, 2016). At 0.53%, total delinquencies have remained below our Dutch residential mortgage-backed securities (RMBS) index level (see "Dutch RMBS Index Report Q4 2017," published on March 1, 2018). Net cumulative losses, at 0.05%, are minimal.

This transaction has a fully funded nonamortizing reserve fund. Excess spread has built up to 1.3% of the class A to D notes' balance at closing. The reserve fund currently provides 1.74% credit enhancement, compared to 1.00% at closing.

Available credit enhancement for all classes of notes has increased since our previous review, due to the nonamortizing reserve fund and principal repayments. However, the increase in the available credit enhancement has been somewhat limited due to a high proportion of interest-only loans and the issuer's ability to include further advances.

After applying our European residential loans criteria to this transaction, our credit analysis results show a decrease in the weighted-average foreclosure frequency (WAFF) and in the weighted-average loss severity (WALS) for each rating level compared to those in our previous review.
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EanmazSurne
EanmazSurne 12 апреля 2018 23:57
Люди кто желает играть в современные игры на высоких настройках с динамичными теняими
даже на самых слабых ПК или ноутах. Без лагов и фризов (Но нужен более менее нормальный инет).
Читайте статья по настройке компа здесь.
Видео по установке и настройке смотрите тут.
Играю уже пол года на ведре 2005 г. Буду рад кому помог разорить буржуев игровой индустрии!!!