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

Portfolio anticipated lack of 0.6%. That is according to the French RMBS sector and relies on Moody’s evaluation of the lifetime loss expectation for the pool bearing in mind: (i) the collateral efficiency of BPCE group originated loans to this point, as offered by the originator and noticed in beforehand securitised portfolios; (ii) the present macroeconomic setting in France and the influence of future rate of interest rises on the efficiency of the mortgage loans; (iii) the potential drift in asset high quality since new loans could be added to the pool topic to sure situations being met; and (iv) benchmarking with different French RMBS transactions.

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