OREANDA-NEWS. Fitch Ratings says that following an updated capital structure provided by Bank of Queensland Limited (A-/Stable), there is no impact on the expected ratings assigned on 9 March to Series 2015-1 REDS Trust Class A notes, rated 'AAA(EXP)sf'.

The credit enhancement to the Class A notes was unchanged at 8%. However, the Class AB notes' size was adjusted to AUD28.0m, down from AUD29m, Class B was adjusted to AUD9.0m, up from AUD8.5m, and Class C was adjusted to AUD2.5m, up from AUD2.0m.

The ratings are as follows:

AUD460.0m Class A notes: 'AAA(EXP)sf'; Outlook Stable;
AUD28.0m Class AB notes: 'NR(EXP)sf';
AUD9.0m Class B notes: 'NR(EXP)sf';
AUD2.5m Class C notes: 'NR(EXP)sf'; and
AUD0.5m Class D notes: 'NR(EXP)sf'.

An updated presale report is available at www.fitchratings.com.