Research: Rating Action: Moody’s assigns definitive rating to Class A-2022-02 French RMBS Notes issued by BPCE Master Home Loans

The weighted common maturity of the underlying Portfolio is greater than the anticipated Maturity of the Class A notes. Throughout the revolving interval, Class A notes which have reached their anticipated maturity date could be redeemed because of the issuance of latest Class A notes. An amortisation occasion can be triggered if any collection of Class A Notes is just not reimbursed on its anticipated maturity date. The transaction would then swap to the amortisation interval precedence of funds and the notes maturity would change to the programme authorized ultimate maturity date which is the fee date falling thirty-seven years after the primary amortisation interval fee date.

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