ASIA-PACIFIC

摘要

Moody's and S&P have assigned provisional ratings to pepper Australia's second non-conforming RMBS issue of 2014, totalling A$400m (US$348m). Of the securities, A$327.6m are rated. The Class A1 notes (A$280m), rated Triple A, benefit from 30% credit enhancement. The Class A2s (A$47.6m) are also Triple A, with 18.1% credit enhancement. The Class Bs (A$19.6m), Class Cs (A$18.4m), Class Ds (A$13.6m), Class Es (A$8.8m), Class Fs (A$6.0m) and Class Gs (A$6.0m) are not rated by Moody's but S&P ranks Classes B to F on a sliding scale from Double A to Single B. It does not rate the G bonds.