AQUA 2020, FT


Type of ratings: Structured Finance ABCP

Rating value: BBB

Outlook: No Trend

License: EthiFinance Ratings

Solicited

EthiFinance Rating ("EthiFinance and/or the Agency") affirms the BBB rating to AQUA 2020, FT. AQUA 2020, Securitization Fund (the "Issuer" or the "Fund"), is a vehicle constituted in November 2020 under Spanish legislation, which constitutes a separate patrimony, opened both by the asset (of a renewable and expandable nature) and by the liability (through the successive issuance of securities). The objective of the Fund is to obtain financing and liquidity through the issuance of Bonds. The collateral is composed of Credit Rights originated and assigned to the Fund by CREALSA INVESTMENT SPAIN, S.A. (hereinafter "CREALSA") or entities of the same Group.

Ratings

Rating action: Affirmed

Action date: 2022-11-29

Date last rating: 2022-11-29

Date first rating: 2022-09-20

Documents

Executive summary:

Methodology

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