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

MILAN CE of 9.50%: That is barely greater than the French RMBS sector common and follows Moody’s evaluation of the loan-by-loan data bearing in mind the next key drivers: (i) the collateral efficiency of BPCE group originated loans to this point as described above; (ii) the weighted common present loan-to-value of 71.7% (after adjusting for various charges which were included within the property values) which is according to the sector common; (iii) round 93.1% of the loans within the pool are caution-loans; and (iv) potential drift in asset high quality via new loans being added, particularly assuming that every one loans could be substituted by caution-loans with unrated guarantors and the potential publicity to publicity to buy-to-let loans and self-employed debtors.

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