OREANDA-NEWS. S&P Global Ratings today assigned its ratings to VSE 2016-A VOI Mortgage LLC's $393.00 million vacation ownership interest loan-backed notes series 2016-A (see list).

The note issuance is an ABS transaction backed by vacation ownership interest (timeshare) loans.

The ratings reflect:The credit enhancement available in the form of overcollateralization, subordination (for the class A notes only), a reserve account, and excess spread; and Vistana Portfolio Services Inc.'s servicing ability and experience in the timeshare market.