OREANDA-NEWS. Fitch Ratings has affirmed the ratings of two Shinsei TB Trust funds' senior beneficial interests (senior BIs) and simultaneously withdrawn them for commercial reasons as listed below. Both transactions are securitisations of residential mortgage loans in Japan.

Shinsei TB Trust fund code 7916702:
JPY0.36bn* senior BIs 1 affirmed at 'AAAsf'; Outlook Stable; rating withdrawn

Shinsei TB Trust fund code 7916703:
JPY1.20bn* senior BIs 1 affirmed at 'AAAsf'; Outlook Stable; rating withdrawn
*as of 26 June 2015

KEY RATING DRIVERS
The affirmations reflect Fitch's view that the available credit enhancement for each of the senior BIs is sufficient to support the current ratings and each pool's performance has remained within the agency's expectations.

No loans have defaulted in either transaction to date. Since the previous rating action in July 2014, very few delinquent loans have been observed in the underlying pools.

RATING SENSITIVITIES
Not applicable

DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to this rating action.

DATA ADEQUACY
Fitch has checked the consistency and plausibility of the information it has received about the performance of the underlying pools and the transactions. There were no findings that were material to this analysis. Fitch has not reviewed the results of any third party assessment of the underlying pools' information or conducted a review of loan origination files as part of its ongoing monitoring.