BBVA RMBS 17 FT
Type of ratings: Structured Finance RMBS
Rating value: AA+(sf)
Outlook: No Trend
License: EthiFinance Ratings
Solicited
EthiFinance Ratings upgrades BBVA RMBS 17 FT Class A rating from AA (sf) to AA+ (sf) . BBVA RMBS 17 FT is a granular securitization fund with a static pool of first-ranking residential mortgage loans granted to individuals, secured over properties located in Spain and structured under Spanish Legislation. The fund was established with the goal to obtain funding and liquidity. The residential mortgage loans were originated by Banco Bilbao Vizcaya Argentaria S.A ( BBVA ) and assigned to the Fund on May 2016. The legal maturity date is August 17, 2064.
Ratings
Rating action: Upgrade
Action date: 2023-10-31
Date last rating: 2023-10-31
Date first rating: 2016-11-24
Methodology