S&P: Ratings Affirmed On DOMOS 2008's Class A And B French RMBS Notes Following Review

S&P Global Ratings today affirmed its 'AAA (sf)' and 'AA (sf)' credit ratings on DOMOS 2008's class A and B notes, respectively (see list below).

Today's affirmations follow our credit and cash flow analysis of the most recent transaction information that we have received and the application of our European residential loans criteria (see "Methodology And Assumptions: Assessing Pools Of European Residential Loans," published on Aug. 4, 2017).

Since our previous review, the weighted-average foreclosure frequency (WAFF) has slightly risen, primarily due to the increase in self-employed borrowers and second-home loans in the pool (see "Rating Raised On DOMOS 2008's Class B French RMBS Notes Following Review; Class A Rating Affirmed," published on March 31, 2017). The weighted-average loss severity (WALS) has slightly decreased over the same period due to a decrease in the current loan-to-value ratio, lower proportion of caution/guaranteed loans, and our treatment of these loans under our European residential loans criteria. These factors have led to a slight decrease in the required level of credit enhancement for all classes of notes.

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