12.07.2016, 18:24
Fitch Assigns BBVA Consumo 8 FT Expected Ratings
OREANDA-NEWS. Fitch Ratings has assigned BBVA Consumo 8 FT's asset backed fixed-rate notes expected ratings as follows:
EUR612.5m Class A: 'A+(EXP)sf'; Outlook Stable
EUR87.5m Class B: 'CCC(EXP)sf'
This transaction is an 18-month revolving securitisation of unsecured consumer loans in Spain for car acquisition purposes. All the loans are originated and serviced by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA, rated A-/Stable/F2), which is also the SPV account bank provider. Final ratings are contingent on the receipt of final documentation conforming to information already received.
EUR612.5m Class A: 'A+(EXP)sf'; Outlook Stable
EUR87.5m Class B: 'CCC(EXP)sf'
This transaction is an 18-month revolving securitisation of unsecured consumer loans in Spain for car acquisition purposes. All the loans are originated and serviced by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA, rated A-/Stable/F2), which is also the SPV account bank provider. Final ratings are contingent on the receipt of final documentation conforming to information already received.
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